3 Things People Believe About Social Security That Are Wrong
Social Security is one of the most important and widely used benefit programs in America, but it's also one of the most widely misunderstood. In fact, millions of Americans believe a few pervasive myths about Social Security that are just not true. Here are three of them.
There's widespread fear among Americans that Social Security will go bankrupt, with as many as 67% of workers worried about the program's future. But the reality is that it can't run out of money unless it's restructured and Congress changes its funding source. That's because it collects billions each year from payroll taxes from current workers, as well as from taxes on benefits from around half of all current retirees.
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Source Fool.com
