Young workers face stark Social Security reality
Social Security represents 64% of retirement income for many retired workers.
If Congress would no longer act, Social Security advantages will face a 23% all the draw thru-the-board decrease in 2033, per the 2025 Social Security Trustees' Document.
That’s for the reason that Social Security belief fund is projected to be depleted by that 365 days. In other phrases, less cash will be coming in than going out to pay 100% of total scheduled advantages owed to latest and future beneficiaries.
If the previous is prelude, Congress will act on the final minute to originate adjustments – nonetheless likely adjustments won’t maintain an affect on those of their 40s or older or those with earnings under constructive thresholds.
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