Social Security Funding Going South!
Even younger Americans may start to become concerned about Social Security funding. From DisabilityInfo.gov comes this information:
Michael J. Astrue, Commissioner of Social Security, welcomed news reports that President-elect Barack Obama wants to begin discussions on the future of entitlement programs, including Social Security. In a report on the financial health of the Social Security Trust Funds issued in 2008, Trustees indicated that, without changes, the Fund will be exhausted by 2041, and there will be enough money to pay only about 78 cents for each dollar of scheduled benefits after 2041.
Michael J. Astrue, Commissioner of Social Security, welcomed news reports that President-elect Barack Obama wants to begin discussions on the future of entitlement programs, including Social Security. In a report on the financial health of the Social Security Trust Funds issued in 2008, Trustees indicated that, without changes, the Fund will be exhausted by 2041, and there will be enough money to pay only about 78 cents for each dollar of scheduled benefits after 2041.
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