Myth 13: Social Security’s Got Me Covered
You’ve been seeing a chunk of your paycheck going towards Social Security month after month, a benefit that could provide you with one source of income when you stop earning money. However, several government studies and reports indicate that Social Security funds may run out by 2035. Many factors can be attributed to the depletion of the fund, including longer life expectancies, an increased in the number of retirees and a smaller working-age population.