I AM on Social Security,as are all of my friends and many neighbors and NONE of us relies on just Social Security-———I could not even pay rent if I did.
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I opted for SS at 62, so my payment is somewhat lower. But by going into retirement debt free, I found if possible, if I so choose, to live on SS alone. There’s not much left for frills, but it is possible. As it is, I supplement SS with IRA withdrawals. Barring anything stupendous, money is not something I worry about.
“I AM on Social Security,as are all of my friends and many neighbors and NONE of us relies on just Social Security-———I could not even pay rent if I did.”
... and I’m about to join you. You’re right. The article is not talking about those that need SS or even rely on SS. They are talking about the percentage of people that have NOTHING but social security to live on.
10% or whatever it is is still way too many in my view. Regardless of one’s income level everyone should save for their retirement.