Is Social Security Ballooning the Federal Deficit?

Is Social Security Ballooning the Federal Deficit?

For better or worse, Social Security is a program that our nation’s senior citizens can’t live without. As of September, 43.4 million retired workers were receiving a monthly benefit and, according to data from the Social Security Administration (SSA), more than 3 out of 5 were leaning on this payout to account for at least half of their income. Put plainly, without the guaranteed income supplied by Social Security to eligible beneficiaries, we’d be looking at an elderly poverty crisis right now.

However, Social Security itself isn’t in the best shape . Beginning this year, and continuing for each subsequent […]

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