Social Security Isn't Running Out of Money, but Here's Why I'm Pretending It Is

There are many rumors out there about Social Security, and perhaps the most prominent one is that the program is on the verge of running out of money. In other words, so long future benefits, right?

Wrong.

While Social Security is experiencing its share of financial challenges, the program isn't looking at wrapping up and folding. What may happen in the coming years is a round of universal benefit cuts if lawmakers don't find a way to help the program make up for its impending financial shortfall. But if you're a member of the workforce today, you can and should expect Social Security to pay you something by the time you retire.

Continue reading

Source Fool.com