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What you’ll get in Social Security

Despite what you’ve heard, Social Security isn’t going to disappear.
Many younger people, and even some older ones, are convinced the retirement system’s coffers will run dry before they get a chance to claim benefits. The reality is quite different. Even if Congress does nothing to fix the troubled system, and its trust fund is exhausted in about two decades, Social Security will still collect enough in payroll taxes to pay out 75% of promised benefits at that point.

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This entry was posted on Wednesday, July 25th, 2012 at 4:04 pm. Both comments and pings are currently closed.