53% of adults will need social security

 

(CNN)– More than half of adults who have yet to retire say they will need to rely on social security benefits for necessary expenses.

According to a new survey from Bankrate, around 53% of Americans said they will need to use social security in retirement.

Many Americans worry about how their benefits might change since the program is expected to have a revenue shortfall in less than a decade.

The survey said among those 60 and older and closest to retiring, 69% said they will rely on social security benefits.

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