Despite a permanently reduced monthly benefit, here's why more workers could opt to take their payout as early as age 62.
With more than 62 million current recipients, Social Security is responsible for keeping an estimated 22.1 million people above the federal poverty line each and every month, based on an analysis from the Center for Budget and Policy Priorities.
The answer is more complicated than you probably realize.
If done correctly, reducing Social Security benefits could resolve a lot of problems.
Once market leaders, the FAANG stocks have turned into market laggards.
As of September, 43.4 million retired workers were receiving a monthly benefit and, according to data from the Social Security Administration, more than 3 out of 5 were leaning on this payout to account for at least half of their income.
Illicit websites are selling cannabis for as little as $3 Canadian per gram, which is about a quarter of what the product is going for at the supply-strapped Ontario Cannabis Store.
The cannabis industry has just begun budding, according to this well-known investment bank.
Recessions are inevitable -- but they're also excellent buying opportunities for investors.
Hypothetically speaking, the federal government could be in a lose-lose situation if it legalizes recreational cannabis.
Not everyone comes out ahead if Buffett's bipartisan Social Security fix is implemented.
This could be a bit of a buzzkill.
A massive new $3.8 billion deal shows the commitment of the beer industry to cannabis.
A new study suggests that already dire predictions for America's most important social program could get even worse.
Though it may appear lofty, this detailed look at more than a dozen cannabis players suggests that 3 million kilograms of output is very doable.
The push to uplist from the over-the-counter exchange or go public continues to grow among cannabis companies.
Beginning this year, and in each subsequent year, Social Security will pay out more in benefits than it collects in revenue.
When fully ramped up, this pot stock could generate 130,000 kilograms of cannabis a year.
Despite making history, there are still a lot of unknowns to be hashed out in the weeks to come.
Legal cannabis could lead to job creation, added tax revenue, and a host of other benefits.