Retirement
Will Social Security be There for You?
Safety Net

Will Social Security be There for You?

Because of population aging, Social Security is projected to exhaust its ability to fund full retirement benefits in 2034; after that time, incoming revenues will only be sufficient to pay 77 % of scheduled retirement benefits.

Social Security Benefits: When Do You Plan to Retire?
Safety Net

Social Security Benefits: When Do You Plan to Retire?

The Issue:

Current projections indicate that Social Security faces a long-term financing shortfall, and many Americans wonder whether the program will survive to pay them the benefits they have earned. President Trump pledged during his campaign not to cut Social Security. But his nominee for White House budget director, Representative Mick Mulvaney, suggested during his confirmation hearing that he plans to advise the president to cut Social Security by increasing the retirement age.