Fixing Social Security: A Solvable Problem

Source: Scott Horsley, NPR, All Things Considered, June 5, 2009

The problem is at least straightforward. More and more baby boomers are retiring. And they’re living — and collecting benefits — longer. Forecasters say in about seven years, Social Security will start paying out more in benefits to retirees than it’s collecting in taxes from workers. At that point, the system will start drawing on its trust fund.

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