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Here's What Social Security Will Look Like by the Time Millennials Retire

GOBankingRates Logo By Ashley Redmond of GOBankingRates | Slide 1 of 10: Millennials — people born between 1981 and 1997 — face unique concerns when it comes to saving for retirement. Previous generations could rely on company pension plans, which are declining in number, and Social Security, which is experiencing deficits that threaten its future existence.Whether you're a member of the millennial generation or the parent of someone born during this period, you likely have questions about the challenges facing Social Security and how they might affect retirement planning. Here are some of the most frequently asked questions about the future of Social Security, along with retirement saving advice from the experts.

Millennials should be aware of these Social Security changes

Millennials — people born between 1981 and 1997 — face unique concerns when it comes to saving for retirement. Previous generations could rely on company pension plans, which are declining in number, and Social Security, which is experiencing deficits that threaten its future existence.

Whether you're a member of the millennial generation or the parent of someone born during this period, you likely have questions about the challenges facing Social Security and how they might affect retirement planning.

Click ahead for some of the most frequently asked questions about the future of Social Security, along with retirement saving advice from the experts.

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