What Everyone Gets Wrong About the Future of Social Security
Many seniors today depend heavily on Social Security to cover their expenses. But if you're not expecting to do the same, you're probably in good company.
A lot of people think that Social Security is on the verge of bankruptcy, and that benefits will no longer be payable in the coming years as the program completely runs out of money. That, frankly, isn't the situation at all. And knowing what's really happening with Social Security could give you some much-needed peace of mind in the course of your retirement planning.
Social Security gets the bulk of its revenue from payroll taxes. So as long as we continue to have a workforce, the program can be funded to some degree.
Source Fool.com
