Social Security's Trustees Are Sounding an Alarm, and We All Need to Listen
Someone's going to pay to fix Social Security, and the cost is rising all the time.
Social Security's Trustees Are Sounding an Alarm, and We All Need to Listen
Overview
The latest Social Security Trustees' Report, released last week, brought some tough news for millions of beneficiaries: The program's trust funds are just six years away from depletion, and checks could face a 22% benefit cut after that unless the government intervenes.
This is obviously a huge problem, but buried underneath that headline-grabbing stat is a more likely and, to some, more dire issue outlined in the report. And Washington isn't doing anything to stop it.
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Originally published at www.fool.com.
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