3 Reasons Social Security Fears Are Overblown
Social Security is at a major tipping point. We're living longer and having fewer children than previous generations did. As a result, Social Security will start paying out more than it's taking in this year.
Social Security will soon begin to dip into its $2.9 trillion Old Age and Survivors Insurance Trust to pay its obligations. The latest projections from the Congressional Budget Office say the trust will be depleted by 2031.
Despite the scary picture those numbers paint, this isn't a ticking time bomb. Here are three reasons you can still count on Social Security benefits being around for you, even if you're decades away from retirement.
Source Fool.com