Will a Joe Biden Presidency Really Save Social Security?
Social Security is in trouble. Things aren't bad enough that the program is at risk of going away completely. But in the coming years, Social Security expects to owe more in scheduled benefits than it collects in revenue.
The good news is that Social Security can take money out of its trust funds to keep up with benefits for a period of time (according to recent estimates, roughly another decade). But from that point onward, retirees may be looking at reduced benefits across the board.
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Source Fool.com
