Social Security's Income Inequality Problem Is Worsening -- but Taxing the Rich Isn't the Cut-and-Dried Solution It's Made Out to Be

For tens of millions of retired Americans, Social Security provides an indispensable source of income. Although the average monthly retired-worker check in 2025 is a modest $1,976, more than two decades of annual surveys from Gallup have found that Social Security is needed by 80% to 90% of retirees to cover their expenses.Considering how important Social Security income is to the financial well-being of our nation's aging workforce, you'd think this program was on rock-solid footing -- but this couldn't be further from the truth.A confluence of factors is responsible for Social Security's worsening financial outlook, including America's widening income gap for workers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool