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The Time Bomb Lurking in Your Social Security
Social Security provides a valuable source of income for millions of Americans, and millions more are counting on it to deliver a portion of their income at some point in the future. But the program is in financial trouble, with a huge problem lurking just around the corner. According to the 2014 Social Security Trustees Report, the program’s Disability Trust Fund is running out of money and is expected to empty in 2016. Unless lawmakers act, when that Trust Fund empties, Social Security Disability payments will be cut by an estimated 19%. That’s a ticking time bomb ready to go off next year…Read More