There’s no denying that Individuals rely closely on Social Safety advantages. Estimates from the Social Safety Administration discovered that 97 p.c of adults over the age of 60 are both gathering or will begin gathering Social Safety. As of February 2023, about one in each 5 residents within the US collected advantages from these funds. For such a broadly used program, it’s a bit shocking that individuals within the US know so little about the way it works. To be honest, a lot of the information round this program over the previous decade has been about the way it’s doomed in a technique or one other. Millennials and youthful folks may even see the cash being taxed from their paychecks and imagine they’ll in all probability by no means see it once more, however is this system actually destined to fail? And what will we stand to lose if it does? Try the video above to get essentially the most primary info about Social Safety in the US and what to anticipate within the coming years.
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