The Surprising Truth About the Future of Social Security
You've probably heard the lamentations. The United States' Social Security program is unraveling. Too few people are paying too little into the government-managed pool of funds at the same time too many people are taking too much out of that pool. It's simply not sustainable, the criticisms argue.
Well, the criticisms are somewhat on target. At its current trajectory, the Social Security trust funds will run out of money at some point in the early 2030s.
In this case, though, running out of money doesn't mean benefits will end entirely. Moreover, a handful of legislative moves meant to shore up the Social Security fund's shortfall are on the table. It's likely at least one of them will be implemented before it's too late.
Source Fool.com
