Social Security is in crisis
The 2014 Social Security Trustees report showed a continuation of the current trend toward insolvency of both of its trust funds. As in the previous two years, the Trustees estimate that Social Security’s combined retirement and disability trust funds will become exhausted in 2033, less than 20 years from now. Regrettably, the lack of change in the combined trust funds’ insolvency dates will likely lull some into a false sense of security that the program’s finances are now stable. But the truth is that Social Security is simply advancing down the path toward insolvency…Read More
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