Is Social Security Going to Run Out?!
In recent years, there has been a growing concern around Social Security going insolvent.
There are some truths to these concerns, but there are also many misunderstandings. The biggest misunderstanding is that Social Security will be going away entirely.
The confusing part is that the Social Security trust fund could be running out in the future, but Social Security is a pay-as-you-go system. This just means that the dollars received every year in taxes are paid out every year in benefits.
So, as long as taxes are being received, something will be paid out. How much will be paid out though?…
The skinny
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