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RSS FeedsSocial Security Might Be in Worse Shape Than We Thought
(WorldNews Business)


11 august 2018 04:17:52

Social Security Might Be in Worse Shape Than We Thought
(WorldNews Business)

There`s a reason workers of all ages are worried about Social Security. The program is facing some serious financial challenges that, if left unaddressed, could result in major benefit cuts in the future. And while the Social Security Trustees Report released earlier this year painted a less-than-favorable picture, new research from the University of Pennsylvania indicates that the situation may be even worse than the trustees think it is. The main issue boils down to Social Security`s trust funds running out of money. Once that happens, recipients can expect a reduction in benefits unless Congress intervenes with a fix. According to the trustees` report, those funds will be depleted come...
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