3 Things You Can Do if You're Worried About Social Security Cuts
If you've been hearing rumors about Social Security cuts, you should know that unfortunately, they're true. This isn't to say that benefit cuts are a given. But they're certainly a possibility based on the way things are looking for Social Security right now.The problem is that in the coming years, Social Security is expected to owe more money in benefits than it collects in revenue. We can attribute that to a massive workforce exit on the part of baby boomers.Image source: Getty Images.Continue reading
If you've been hearing rumors about Social Security cuts, you should know that unfortunately, they're true. This isn't to say that benefit cuts are a given. But they're certainly a possibility based on the way things are looking for Social Security right now.
The problem is that in the coming years, Social Security is expected to owe more money in benefits than it collects in revenue. We can attribute that to a massive workforce exit on the part of baby boomers.
Image source: Getty Images.
