Is Social Security Going Bankrupt? Here's the Real Scoop.
I was talking to a friend of mine the other day. He's in his late 40s and pretty burned out as a result of his high-stress career.
But a big reason he's sticking with his higher paying job, even though he's itching to leave it, is to try to boost his nest egg substantially while he can. And he's motivated to do that because, as he put it, "It's not like Social Security's going to be around in the future."
Now on the one hand, I almost didn't want to correct him because I happen to think it's a good thing that he's so inspired to save for retirement on his own. But I felt compelled to let him know that the future of Social Security isn't quite as dire as he and many other people like him might think it is.
Source Fool.com
