Boomers Alert! The Incredible Shrinking Social Security Fund
by The Social Security Fund is managed in a very peculiar way.
Boomers Alert! The Incredible Shrinking Social Security Fund
The Social Security Fund is managed in a very peculiar way. The fund – it is not really a private individual fund, not really an entitlement, it is not really an investment, it is not really an annuity, it is not really a retirement fund – what is it?
According to the CBO:
- Social Security will collect $45 billion less than it pays out this year …
- It will come up $547 billion short from 2012 through 2021 …
- Plus, the disability portion of the program will run out of money within six years!
Expert folks continue to say such a thing could never happen, we need a good explanation for where the needed benefit payout money is going to come from.
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