Social Security Fund Is Fast Going Bankrupt, So Why Are We Sticking With A Broken Model? - Investors.com: "That means the trust fund runs dry sooner than its projected 2036 bankruptcy date. When that happens, workers can expect a legally mandated 22% cut in Social Security benefits when they retire.
So, after forking over 12.4% of their earnings — both directly and through their employers — for 35 or 40 years, they can look forward to receiving a less-than-zero-percent return while continuing to spend their working lives paying 100% of the promised benefits to current retirees."
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