Tag: Social Security trust fund

Illustration of a star

The more the Great Recession recedes in the rearview mirror, the clearer is the damage sustained by the workers born in the final years of the baby boom. These so-called late boomers were between 42- and 47-years-old when the recession hit. Their careers were just hitting their stride when they were slammed by the downturn…

Social security cards

Once a year, Social Security reports on the program’s financial outlook but the bottom line doesn’t change: the reserve in the trust fund is running out of money. Many workers and retirees go straight to the inaccurate worst-case scenario: retirement benefits will cease when the reserve is depleted. In fact, if Congress doesn’t address t…