Social Security
TOPIC:
Tools » Institutions » National » USA » Dom. Policies » Social » Social Security
Category
articles
Date
2013-01-05
Actor
King, Gary and Sonej...
Source
New York Times
Uploaded date
2013-04-07
Uploaded by
Jakob Lohmann
Link
Social Security: It’s Worse Than You Think
"For the first time in more than a quarter-century, Social Security ran a deficit in 2010: It spent $49 billion dollars more in benefits than it received in revenues, and drew from its trust funds to cover the shortfall. Those funds — a $2.7 trillion buffer built in anticipation of retiring baby boomers — will be exhausted by 2033, the government currently projects." (Quoted from the article)
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