Social Security Staves Off the Inevitable for 1 More Year
In case you haven't heard, there's trouble in paradise for America's most important social program. Despite being responsible for more than 64 million benefit checks each month, Social Security's long-term outlook is dicey, at best.
Every year, the Social Security Board of Trustees releases its short-term (10-year) and long-term (75-year) outlook for the program, taking into account a number of dynamic factors such as wage growth, population growth and mortality rates, and net immigration. Since 1985, the Trustees have warned that the program didn't have sufficient revenue income to meet its long-term expenditures -- and last year was no different.
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Source Fool.com
