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Kiplinger
Kiplinger
Business
Vincent Birardi, CFP®, AIF®, MBA

How to Save for Retirement Amid Social Security Uncertainty: Strategies for Millennials and Gen Z

Four young adults interacting in an office environment.

For decades, Social Security has served as a foundational piece of retirement income. But for younger generations, the program's outlook is changing, and those changes have significant implications for long-term financial planning.

With Social Security reserves expected to be depleted by 2033, millennials, Gen Z and subsequent generations will likely need to approach Social Security as an additional source of income rather than the cornerstone of a retirement strategy.

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