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Social Security’s Insolvency Problem: Understanding the Challenge
Much has been written through the years about the looming insolvency problem facing Social Security, now just about nine years from now. It’s new news…the program’s trustees have been sounding the alarm for nearly three decades while the can gets kicked down the road for later consideration. Well, later is now here, since we’re about at the point where corrective action must take shape now in order to avoid abrupt and disruptive changes as the insolvency date gets closer and closer. So, if you haven’t gotten up to speed on the overall problem, here’s an article that will give you a quick recap. It’s a post by ORBA’s Michael Loesevitz appearing on mondaq.com. Access it here.