Are Social Security Benefit Cuts Coming?
This past Wednesday, Jan. 1, marked the 80th anniversary of the first retired worker payouts from Social Security. Over the past eight decade, we've watched Social Security grow to be the most important social program in the country, with 64 million people receiving a benefit each month. Of these 64 million folks, more than a third are being lifted out of poverty solely because of their guaranteed monthly stipend.
That's what makes what I'm about to tell you all the more difficult. If lawmakers on Capitol Hill don't act relatively soon, Social Security benefits cuts may occur.
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Source Fool.com
