Will Social Security Go Bankrupt by 2035? Top Economist Sounds the Alarm

Will Social Security Go Bankrupt by 2035? Top Economist Sounds the Alarm

Your social security benefits may run out in ten years says economist Dennis W. Jansen. Blames higher taxes, cost of living and cuts in checks.

The Significance and Solvency of Social Security

About one in five Americans receive retirement, survivor, disability, or supplemental income Social Security benefits. These payments represent a vital financial safety net, especially for retirees who have had modest lifetime earnings. This importance of Social Security makes reducing its benefits the “third rail” of American politics. But its pay-as-you-go structure – where today’s workers fund today’s retirees – threatens its fiscal solvency …