Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Worried About Social Security? You Should Be.


Americans of all ages are worried about Social Security -- specifically, that it won't be around by the time they're ready to start collecting benefits. This especially holds true for pre-retirees aged 50 to 64, according to data compiled by Gallup last year. And while the program isn't in danger of completely going away, workers have plenty of good reasons to be concerned about it.

The latest Social Security Trustees Report, which was released in April 2019, painted a pretty bleak picture of the program's future. Specifically, it warned that Social Security's trust funds, which are needed to bridge an impending gap between what the program can afford to pay in benefits and its actual expenses, will likely be depleted by 2035. At that point, an across-the-board reduction in benefits can't be ruled out.

IMAGE SOURCE: GETTY IMAGES.

Continue reading


Quelle Fool.com


Comments