NewsFeeder
Headline News
- Reaction score
- 3
Thanks to COVID-19, Social Security’s day of reckoning may be even closer than we thought
Prior to the economic downturn—or collapse—that we’re now experiencing, the trust fund was projected to run out of money by 2035. This means there are a lot fewer—millions fewer—people paying those payroll taxes into the Social Security system. This one-two punch could mean the depletion of the trust fund sooner than 2035.
https://finance.yahoo.com/m/269defe...a3d/thanks-to-covid-19,-social.html?.tsrc=rss
Prior to the economic downturn—or collapse—that we’re now experiencing, the trust fund was projected to run out of money by 2035. This means there are a lot fewer—millions fewer—people paying those payroll taxes into the Social Security system. This one-two punch could mean the depletion of the trust fund sooner than 2035.
https://finance.yahoo.com/m/269defe...a3d/thanks-to-covid-19,-social.html?.tsrc=rss