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Filed: Country: United Kingdom
Timeline
Posted

Yeah, yeah....sure. They've been saying Social Security wouldn't make it past a decade. Some people refuse to accept reality.

They've been warning us about it for decades, but Social Security has only just reached its tipping point.

"For the first time in nearly 30 years, the system will pay out more benefits than it receives in payroll taxes both this year and next, the government officials who oversee Social Security said on Thursday.

And while Social Security cash flow will likely head back into the black for a few years after that, starting in 2015 it looks to stay in the red for the long haul, the trustees said in their annual report."

link

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Filed: Timeline
Posted

They've been warning us about it for decades, but Social Security has only just reached its tipping point.

"For the first time in nearly 30 years, the system will pay out more benefits than it receives in payroll taxes both this year and next, the government officials who oversee Social Security said on Thursday.

And while Social Security cash flow will likely head back into the black for a few years after that, starting in 2015 it looks to stay in the red for the long haul, the trustees said in their annual report."

link

You all better start working harder. I turn 62 in 2018 :lol:

 

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