In just nine years, the oldest Gen-Xers will reach Social Security’s normal retirement age of 67. But they will have a rude awakening when they learn that the program’s trust fund is empty, leaving it able to pay out only as much in benefits as it takes from the paychecks of those then working. That’s […]
The Social Security trustees released their annual report on Monday, and the outlook is bleak. Social Security has morphed far beyond its original intent, and absent congressional action, everyone who is of Generation X or younger will not receive a single full benefit, and even those already in retirement will experience significant benefit cuts. To […]
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