This Was the Best News for Social Security in 2020
More than 60 million Americans count on Social Security benefits right now to help cover their living expenses, and nearly all of us expect to get some money from the program. Yet for years, there have been big concerns about its long-term financial stability.
2020 has been a challenging year for everyone, and many predicted huge negative impacts on Social Security due to the massive hit the economy took from the COVID-19 pandemic. In that light, news that Social Security's trust fund balances actually grew in the federal government's 2020 fiscal year came as a welcome surprise -- and points to at least the possibility of more favorable trends in the future.
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Source Fool.com
