Over the past month, recent surveys and trends have shown a consistent signal: households are still spending and saving, but confidence is eroding.
Gallup shows affordability is still the dominant concern, the Fed's household survey highlights a widening gap between spending behavior and sentiment, and even "hidden" costs like homeownership are reshaping expectations about stability.
Now that same disconnect is starting to show up in a new place — how clients think about the reliability of Social Security as a core piece of retirement income.
Most retirement plans still quietly assume Social Security will be "mostly intact." That assumption is doing more work in financial planning models than many advisors realize.
New projections suggest the Social Security retirement trust fund could be depleted by 2032.
