Santa Barbara Current

Santa Barbara Current

On the Money

What in the World is going on with Social Security?

by Tim Tremblay

Apr 27, 2024
∙ Paid

As the United States grapples with the Social Security welfare system, many Americans are concerned with their ability to retire. According to the Social Security Administration (SSA), the program’s trust funds are projected to be depleted by 2033. While this doesn’t mean bankruptcy, it does imply that incoming revenue will only cover around 76% of sche…

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