Will Social Security go “bankrupt?”
It might be called a play on words, but Social Security can never really go “bankrupt” in the sense that it won’t be able to pay any of it’s obligations to America’s senior citizens. But that doesn’t mean that there aren’t some real financial issues surrounding the program which 9 out of 10 older American’s rely on for a major part of their income. In this TownHall Finance article by Daniel J. McLaughlin, the author explains how the finances of Social Security work and what the consequences might be unless Congress acts soon to restore the program to full solvency. Click here to read more.
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