Social Security and the Debt Ceiling: It's a Good News/Bad News Scenario
Last month, more than 66 million people received a Social Security check, 49.3 million of whom are retired workers. Based on annual surveys conducted by national pollster Gallup since 2002, the checks these seniors receive each month are vital to making ends meet.
Unfortunately, the looming uncertainty regarding the U.S. debt ceiling is creating a wall of worry for the program's tens of millions of beneficiaries. Will they continue to receive their monthly checks if the U.S. Treasury runs out of cash?
The answer to this question offers both good and bad news for Social Security and its recipients.
Source Fool.com
