Social Security's Cash Shortfall May Be 3 Times Larger Than Estimated
For over 80 years, Social Security has been a financial rock for our nation's retired workforce. More than 46 million of today's program beneficiaries are retired workers, with approximately a third of these recipients pulled out of poverty each year as a direct result of their payout.
However, it's also a program in serious flux. Even though Social Security is at no risk of going bankrupt -- this is because two of the program's three sources of revenue are recurring -- the annually released report from the Social Security Board of Trustees has highlighted an expected long-term (75-year) cash shortfall every year since 1985.
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Source Fool.com
