Social Security is rapidly running out of money and few Americans are ready

Flickr/gabriel_rocha The typical US household has fewer savings today than they did 20 years ago and 21% of them have nothing saved for retirement. The majority of US retirees say they rely on Social Security as a primary source of income but the program is rapidly running out of money. Last week, the financial services giant Northwestern Mutual released new data showing that 1 in 3 Americans has less than $5,000 in retirement savings. It’s an unfortunately familiar story. And Northwestern Mut...