This Dreaded Social Security Milestone Is Coming in 2021

This Dreaded Social Security Milestone Is Coming in 2021

Tens of millions of seniors count on Social Security to provide retirement income, and among those without a pension or personal savings, that dependency tends to be even stronger. Starting in 2021, Social Security is expected to spend more money keeping up with its obligations than it collects in revenue. Now the good news is that Social Security has trust funds it can tap to close that gap.