6. The Social Security Trust Fund will face insolvency in 7 years
Seven years may sound like a lot of time, but time flies rapidly. Meaning that the reduction in your Social Security benefits is approaching. This reduction could translate to a 23% cut that would force future beneficiaries to save up to $150,000 in order to cover the shortfall.
It may not be seen as an overwhelming issue as we speak, but that day will eventually come if proper measures aren’t taken.
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I need to ask about the age what age is best to take the retirement thanks
The Government should leave people hard earned money alone. Stop stealing from taxpayers!!
Its bs Medicare goes up we do without so therefore we didn’t get a raise but ss got it for what Medicare is so hi now its pathetic, insurance would be cheaper than Medicare
I agree
I had to cancel my Medicare part b, I can’t afford it. I have a husband in a nursing home and I have to pay on that. I get his disability and my retirement combined of $2700. Per month after house, utilities insurance i have $1100 left and state says i have to much for help!