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While Social Security is not in danger of going away completely, but…
Roughly 50 percent of workers aged 30 to 64 worried about their ability to collect Social Security benefits in the future. However, despite the rumors, Social Security is by no means on the verge of going broke. The program is designed so it cannot run out of money because it’s funded by payroll taxes. In Maurie Backman’s article, she states while Social Security is not in danger of going away completely, there’s a very real change that recipients might see a 21 percent reduction in their scheduled benefits in 2034. Read her suggestions on the smart moves people should make to avoid financial struggles down the line. Read her article here…