Reported 1 day ago
Recent reports indicate that Social Security's financial health is declining, with projections of a significant funding shortfall and potential benefit cuts by 2033. While some blame Congress for misappropriating funds, this notion is misguided. The real issues stem from demographic changes, such as an aging workforce and declining birth rates, which have impacted the worker-to-beneficiary ratio, leading to financial stress on the program. Congress's failure to enact effective solutions has further exacerbated the situation.
Source: YAHOO