Over 40% of Gen Xers expect a side hustle to be their main income in retirement. Learn more, along with savings strategies ...

A survey by AARP revealed Americans' overall confidence in Social Security has dropped to 36%, with only 25% of younger adults saying they had confidence in the program's future.

Currently, only the first $176,100 of a worker's annual income is subject to the 6.2 percent Social Security payroll tax, which is matched by employers to make a total contribution of 12.4 percent.

A new AARP report, ahead of Social Security’s 90th anniversary, reveals Americans’ confidence in the future of Social Security has declined.