Core Insights - Social Security plays a different role in retirement planning depending on age and income level, with each generation facing unique retirement realities [1] Generation Z - Generation Z should view Social Security as a secondary component of their retirement planning rather than a foundational element [2] - This generation expects flexible work, personalized plans, multiple income streams, and digital financial tools, moving away from traditional employer-sponsored pensions [3] - Younger workers comfortable with digital wallets will benefit the most from the evolving retirement system [4] Millennials - For millennials and Generation Z, retirement strategies should not be built around Social Security; instead, focus should be on controllable factors like saving, investing, and creating income streams [5] Generation X - Generation X needs to adopt a more conservative approach to Social Security as they are closer to retirement and potential adjustments could significantly impact them [6] - This generation often lacks clarity regarding their various retirement accounts and holds substantial wealth in real estate, but has limited time to enhance their retirement savings [6]