What to Expect From Social Security in 2022
Over 50 million Americans currently rely on Social Security for at least a portion of their retirement income. When you also consider that around 180 million have paid into the system overall, it's clear that Social Security serves as the foundation of many Americans' retirement plans.
Despite the key role that it plays, Social Security's future is anything but certain. For instance, Treasury Secretary Janet Yellen indicated its payments were at risk if the debt ceiling didn't get raised earlier this year. In addition, the program's Trustees warn that Social Security's payments will be slashed by 2034 if Congress doesn't act to shore up its finances. With that at-risk future in mind, here's what to expect from Social Security in 2022.
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Source Fool.com
