The Social Security Trustees is trying to be put citizens at ease. This past May they released an annual report covering Social Security Finances. The report states: not to worry, we can count on Social Security benefits.
At least until 2033.
With their in-depth look the report says that 100 percent of promised benefits will be dished out. That’s if Congress doesn’t take any sort of spending action. And then after that? We’re good to go for 77 percent of those same benefits. Also, with modest changes, future generators will also receive 100 percent of their benefits.
So, no, Social Security is not going broke. It’s working as planned.
Does this calm your concerns? Or do you thing it’s a bunch of hogwash? Chime in below.
Want to read more about the report? Visit the National Woman’s Law Center.
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