2012-08-21 — dailyfinance.com
``The amount that the government withholds varies widely, though it runs up to 15%. Assuming the average monthly Social Security benefit for a retired worker of $1,234, that could mean a monthly haircut of almost $190."
Since 2001, the number of retirees who've seen benefits garnished has ballooned from about 20,000 to nearly 100,000. The worst part? Some of these retirees are simply among the growing number of older consumers who've taken on loans to help their kids or grandchildren through college.''
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