02/07/2005
DETROIT, MICH. – A typical 20-year-old Michigan resident will lose $152,000 during retirement if Social Security’s guaranteed benefit is replaced with a guaranteed gamble, according to a report released today by the Institute for America’s Future. It would also mean a 15 percent cut for a 45-year-old worker today and a 25 percent cut for a 35-year-old worker in Michigan. more »
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