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It's a helpful boost, but Social Security was never meant to be your one-stop shop for income. In fact, 28% of retirees rely solely on Social Security, according to a Motley Fool survey ...
There's no denying the United States' Social Security program is on the defensive. Without any changes to how -- or how well -- it's funded, experts anticipate a roughly 20% reduction to benefits ...
For boomers who don’t rely solely on their Social Security income to cover the bills, some of that money can go toward other financial needs or goals. This could be saving or investing money. Or ...
Discretionary spending includes both defense and non-defense spending elements, but excludes mandatory programs such as Social Security and Medicare. The Budget Control Act of 2011 included both caps on discretionary spending as well as the sequester, both of which reduce discretionary spending. CBO projected in February 2013 that under the ...
At the end of 2009, the Trust Fund stood at $2.5 trillion. The $2.5 trillion amount owed by the federal government to the Social Security Trust Fund is also a component of the U.S. National Debt, which stood at $15.7 trillion as of May 2012. [18] By 2017, the government had borrowed nearly $2.8 trillion against the Social Security Trust Fund.
The "Social Security Trust Fund" comprises two separate funds that hold federal government debt obligations related to what are traditionally thought of as Social Security benefits. The larger of these funds is the Old-Age and Survivors Insurance (OASI) Trust Fund, which holds in trust special interest-bearing federal government securities ...
While U.S. lawmakers tussle over how best to fix Social Security as one of the program's major trust funds heads toward depletion, some folks in the private sector favor a radical change that would...
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