"If you're worried that Social Security is going to run out of money completely, let's stop right here for a reality check. Although Social Security is facing a decline in payroll tax revenue as baby boomers exit the workforce, there will still be a steady stream of workers providing replacement labor and paying into the program... So the worst-case scenario for Social Security is benefit cuts."
"Recent estimates put the extent of Social Security's potential cuts at about 20%. That number could wiggle in the coming years, since benefit cuts aren't expected to be on the table before 2035 at the earliest. But it's also important to remember that lawmakers have Social Security on the agenda and are aware of the challenges."
Collection
[
|
...
]