Half of millennials do not believe Social Security will still exist when they are ready to retire, a survey released Wednesday by the iOMe Challenge and conducted by the St. Norbert College Strategic Research Institute found. Over one-quarter of millennials believe Social Security will still exist, but they will receive smaller benefits.

The report found that the traditional three-legged stool so many of today’s retirees depended on would be reduced to one primary leg, that of personal savings and investments.

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