Will Social Security Payments End in 2033?
The asset reserves of the Old-Age and Survivors Insurance Trust Fund (OASI) are an estimated eight years away from being depleted.
For most Americans, Social Security isn't a program they could make do without. In each of the previous 23 years, pollster Gallup questioned retirees about their reliance on Social Security income and discovered that 80% to 90% require their monthly check, in some capacity, to meet their expenses.
Maintaining and/or strengthening Social Security's foundation should be a top priority for our elected officials in Washington, D.C. However, projections point to a worsening financial outlook for America's leading retirement program.
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