Can You Count on Social Security?

I think benefits will be available in some form, but I’m not relying on them for the bulk of my income.

At some point in my young adulthood, I became aware that many millennials were skeptical that Social Security would still be paying benefits by the time we retire. Curious whether that sentiment still stands, I recently posted to my Facebook page to ask my generational cohorts whether they’ve absorbed a similar message and how they’re incorporating Social Security into their retirement plans. Many respondents said that they aren’t counting on Social Security to be around in a few decades and that to stay afloat, they expect to tap their own investments in 401(k)s and IRAs, brokerage accounts, and real estate.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.