Americans Struggle To Sort Out Certain Social Security Rules
The same survey shows that many people don’t understand how Social Security benefits work at all, let alone how they work for disabled people. Even despite our earlier explanation regarding the gap between men and women, some individuals don’t understand that, actually, Social Security pays evenly between men and women.
What’s worse, this confusion leads others to believe that only one spouse can collect benefits at a time.
But this is simply not true, and not knowing this could lead to harmful financial decisions regarding retirement- such as saving so much money that people forget to enjoy life altogether, or giving up on even trying. When faced with the gargantuan task of saving money for your golden years, many people simply give up or do the bare minimum, deciding to have fun now while sacrificing their livelihoods later on in life.
So, if you were unsure, we’re here to clear the air: both spouses can collect social security at the same time!
