Social Security in the Red? Here’s Another Source of Government-Backed Income
Mauldin Economics
MAY 13, 2019
By Robert Ross We’ve recently got some bad news about Social Security. A new report says the program will cost more than it takes in by 2020. By 2035, its back-up trust fund will also run dry. This makes sense: America is greying. We’re having fewer children, living longer, and wages are growing at a slower pace. That means there are fewer workers, those workers are making less money, and they’re supporting more retirees.
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