A new survey reveals that policy uncertainty around Social Security is prompting seniors to reconsider their retirement financial strategies. More than half of respondents indicated that a 20 percent reduction in Social Security benefits would force them to make "significant sacrifices or a tighter budget."
The findings highlight the central role Social Security plays in retirement planning for older Americans. The potential for benefit cuts has created widespread concern among current and future retirees who rely heavily on these payments as a primary income source.