Seven in 10 Americans worry that Social Security won't be there for them when they retire, according to new survey from the Transamerica Center for Retirement Studies (TCRS).
TCRS is a division of Transamerica Institute (TI), a nonprofit, private operating foundation, and conducts one of the largest and longest-running annual retirement surveys of its kind.
For generations, Social Security, which celebrated its 90th anniversary on August 14, has formed the bedrock of retirement income for tens of millions of Americans, and also pays out benefits to disabled people and survivors of deceased workers. However, despite its enduring popularity and importance, it faces a looming insolvency crisis that lawmakers have less than 10 years to solve.
The survey from TCRS, which polled 10,009 adults