Social Security Fast Facts
The Pew Research Center on August 18, 2015 released the FactTank 5 facts about Social Security (the FactTank is “[r]eal-time analysis and news about data from Pew Research writers and social scientists.”). So what are those 5 facts? Here you go!
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Social Security touches more people than just about any other federal program.
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Social Security is, and always has been, an inter-generational transfer of wealth.
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Right now, Social Security has plenty of assets.
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But since 2010, Social Security’s cash expenses have exceeded its cash receipts.
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Social Security’s combined reserves likely will be fully depleted by 2034….
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