Over the past 77 years since Social Security was passed into law, it has paid out more than $11 trillion in benefits to well over 100 million people-the elderly, the disabled and surviving children of deceased parents.
And despite rumors of its demise, it will continue to be a portion of many people's retirement income. And it's not just for the 75% of the country that has less than $30,000 in retirement savings. It will be a factor for the middle class as well, as Social Security benefits could represent a retirement benefit of $20,000 to $30,000 a year.
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