The 2020s May Be a Dark Decade for Social Security
In just 12 days, on Jan. 1, Social Security will be celebrating the 80th anniversary of its first retired-worker payouts. After being signed into law all the way back in August 1935, Social Security has easily become the most successful social program in existence. Today, the program is responsible for making monthly payouts to 64 million Americans, more than 22 million of whom rely on their guaranteed benefits to pull themselves out of poverty.
However, America's most important social program isn't on the best financial footing, and that may all come to a head in the upcoming decade.
Image source: Getty Images.
Source Fool.com