Poor economy worsens Social Security's finances

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Community Leader
Registered: 11-15-2001
Poor economy worsens Social Security's finances
1
Mon, 04-23-2012 - 8:17pm

Government: Poor economy, high energy prices, shorten life of Social Security fund by 3 years

WASHINGTON (AP) -- High energy prices and an economy that has been slow to rebound are worsening Social Security's finances, shortening the life of the trust funds that support program by three years, the government said Monday.

Those trust funds will now run dry in 2033, according to a report issued by the trustees that oversee the massive retirement and disability program.

Read more >>> http://finance.yahoo.com/news/poor-economy-worsens-social-securitys-175251926.html

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iVillage Member
Registered: 07-21-2006

Doom, despair, and misery on me! (or something to that effect).