Reliance on social security has increased dramatically in Colorado and across the nation. That’s according to a report released today. And it comes at a time when lawmakers are debating how to reform what’s viewed as a broken system.
More than 89 percent of Coloradans of retirement age are tapping into social security. The nonprofit Institute for Women’s Policy Research says nationwide reliance on the benefit for a prime source of retirement income over the past decade has increased 6 percentage points among men and 4 points for women.