Here's the Biggest Problem With Social Security Cuts
Social Security is in financial trouble. No, the program is not going bankrupt. That's virtually impossible based on the way Social Security is funded.
Rather, in the coming years, Social Security expects to owe more in benefits than it collects in revenue as baby boomers retire in droves. Social Security can tap its trust funds to keep up with the benefits it's on the hook for -- at least until those trust funds run dry. But once that happens, benefit cuts may be on the table.
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Source Fool.com
