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Bettering Financial Education with the Social Security Administration

The Social Security Administration is heavily involved in the processes and safety of retirement savings. One professional is questioning the financial education on retirement savings among citizens. A poll based on retirement savings was completed during the pandemic by the National Endowment for Financial Education and revealed that 31% of respondents had concerns about having enough saved for retirement.


Jack Myers, Public Affairs Specialist with the Social Security Administration says citizens who struggle to grasp their finances in terms of retirement are not alone. The data indicates that 85% of respondents described some aspect of their finances that gives them stress.

 


Myers was surprised by the percentage of respondents who wished financial education and retirement savings were taught during their schooling years.

 


The Social Security Administration is here to help citizens take control of their stress related to retirement savings by visiting www.ssa.gov and navigating to the “prepare” tab.

 


Myers urges citizens to visit www.ssa.gov to find out more about their financial history and future.


Jack Myers appeared as a guest on the WTIM Morning Show.

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