Can a retiree REALLY survive on just social security?
Yes, but with many qualifiers. For most people, the answer is no. It was never intended to be a total retirement plan. It was to ensure that retires weren’t totally broke. But many people are acting more and more like it should be a retirement plan, and pay accordingly. It can’t do that as the number paying in are too small to cover all the people who draw. So it will get back to what it was intended to be, just a little something to help you get by. Most of what you get by on needs to come from the most reliable source, ourselves.
