Tuesday, February 09, 2010

Will baby boomers bankrupt social security?

Not to worry?: "By 2017, Social Security is expected to start paying out more than it collects in payroll taxes, according to the 2009 Annual Report from the Social Security and Medicare Board of Trustees. There is currently a large surplus, but it will be drained by the year 2037. At that point, Social Security will only be able to pay out 75 percent of its benefits."
But guess what? "Experts" say we don't have to worry about it. I wonder how these experts did predicting the economic collapse.

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