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Falling Birthrates and the Impact on Social Security
The long-term financial uncertainty faced by Social Security is becoming a well-known fact these days, with the most recent Trustees Report warning of a potential across-the-board cut in benefits in about a decade from now. In studying the problem, it quickly becomes apparent that one of the leading causes in this uncertainty is the anticipated shape of America’s future workforce, since the ratio of taxpaying workers to benefit-drawing retirees is continuing to decline. An article posted today on gobankingrates.com zeroes on this issue. Check it out here…