10 things Social Security won’t tell you: The truth about the agency’s bottom line

“About a third of workers in their 50s expect Social Security benefits to be their primary source of income in retirement.  The Social Security Administration itself has said that unless something is done to reform the system, it will have to reduce benefit payments to retirees within the next few decades.  Less talked about, perhaps, is the concern that the program is having a hard time paying its bills today. In 2010, the Social Security Administration began collecting less revenue in taxes than it needs to cover benefit payments, forcing the agency to tap its $2.7 trillion trust fund sooner than some had expected.”

http://www.marketwatch.com/Story/story/print?guid=E23DDC3E-E014-11E2-A2CC-002128040CF6

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