The Surprising Problem That Could Threaten Social Security's Future
Social Security has been struggling for a while now, with the most recent pre-pandemic estimates suggesting the trust funds would be depleted by 2035. Then COVID-19 hit, forcing millions out of work and putting even greater strain on the program. And the blows keep on coming.
The research group Brookings predicts that somewhere between 300,000 and 500,000 fewer children will be born in 2021 because of the pandemic. That might seem completely unrelated to Social Security, but in 20 to 30 years when we're down a half-million workers because of this baby bust, the true effect that the pandemic has had on Social Security will become painfully clear.
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Source Fool.com
