This may not come as a surprise to many, but America's most important social program, Social Security, is in trouble.According to the newest annual report from the Social Security Board of Trustees, the program has officially hit an inflection point. The intermediate-cost model suggests that $1.7 billion more in benefits and expenses will flow out of the program in 2018 than it generates through its three funding sources:This will be the program's first net cash outflow in 36 years.
Social Security's $2.9 Trillion In Asset Reserves Could Disappear Sooner Than Expected
newsfeedback@fool.com (Sean Williams), The Motley Fool
Fri, 08/17/2018 - 3:06am
BING NEWS:
- 2024 Maximum Social Security Benefit
The system then describes the optimal strategy. You can also use calculators on Social Security’s website to estimate your PIA and benefits at various starting ages, which can help you determine ...
02/15/2024 - 6:30 am | View Link - Republicans Plan To Cut Social Security—Will Voters Let Them?
Voters Should Think Harder About Social Security Losses if Republicans Win Ironically, in spite of Social Security’s popularity — 83% of Democrats, 73% of independents, and 73% of Republicans ...
11/5/2022 - 6:59 am | View Link - More
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