Social Security’s asset reserves explained

The Center on Budget and Policy Priorities finds that Social Security is responsible for keeping more than 22 million people out of poverty, including over 15 million seniors, whom the program is first and foremost designed to protect. No matter how important Social Security is to beneficiaries, there’s always been confusion regarding how the program operates. In Sean Williams’ article, he explains the Social Security’s asset reserves and explores what would really happen if Social Security’s nearly $2.9 trillion in excess cash was exhausted. Read article here…

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