Three Ways the Middle Class is Screwed for Retirement [Video]

Three Ways the Middle Class is Screwed for Retirement

Social Security Shortfall: The Social Security trust fund is running low, and the government may need to cut benefits in the future. The author blames past politicians for misspending the money collected from Social Security taxes.

Lack of Savings: Many middle-class Americans haven’t saved enough money for retirement. Individual responsibility and creating a retirement account is ideal.

High Healthcare Costs: Medical expenses are a significant and unpredictable cost for retirees. Medicare doesn’t cover everything, and long-term care can be very expensive. This can force retirees to spend their savings or rely on family for support.

As always, all information provided is for entertainment purposes only. Please consult a professional for specific advice.

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