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Social Security Isn't Going Broke. But You May Want to Pretend It Is for the Sake of a Comfortable Retirement.


Social Security is not on the verge of going bankrupt. Don't let anyone tell you otherwise.

It's true that the program is facing some serious financial shortcomings. As baby boomers retire in droves, an uptick in benefit claims coupled with a decline in payroll tax revenue will put Social Security in a position where it's not expected to be able to keep up with scheduled benefits.

Image source: Getty Images.

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Source Fool.com


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