One common worry among American workers, especially those who have retirement on their minds, is whether Social Security will still be around when they’re ready to retire. This is certainly an understandable concern. After all, there seems to be constant headlines about how much trouble Social Security is in.
With that in mind, here’s a look at how Social Security is funded, what the problems are, and what changes could be coming in the years ahead in an attempt to fix the problem. While nobody can predict the future with perfect accuracy, this rundown of the facts can give you a good idea of where Social Security could be heading in the future.
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