My wife got a statement from social security and before she opened it I warned her not to count on the rosy predictions of how much her payments will be at retirement. I have advocated that social security should be honest and reduce the projected benefits; the money won't be there for future retirees.
The Social Security Board of Trustees in its 2012 report said the trust funds will be exhausted in 2033.
That's three years sooner than was predicted in 2011. Yes, in just one year, projections of the fund's life have been reduced by three years. A lot of actions need to be taken to save social security. Why not let future retirees be given a more accurate and truthful statement of what their payments will be?
The Social Security Board of Trustees in its 2012 report said the trust funds will be exhausted in 2033.
That's three years sooner than was predicted in 2011. Yes, in just one year, projections of the fund's life have been reduced by three years. A lot of actions need to be taken to save social security. Why not let future retirees be given a more accurate and truthful statement of what their payments will be?
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