Jul
07
2018
What Social Security May Look Like in 2035
By admin
Interesting article which looks at how Social Security may fare in the year 2035.
Highlights :
* The worker-to-beneficiary ratio will drop from 2018's 2.8 to 2.2-to-1.
* Workers will have to wait longer to receive "full" benefits
* Social Security's "trust fund" will be exhausted
* Substantial benefit cuts may be needed
* Payroll taxes will be critical to pay for benefits
* Social Security benefits will continue to decline due to inflation
