Wednesday, November 18, 2009

Social Security How Long Will It Last?

Money How long can Social Security last?

Source: http://articles.moneycentral.msn.com/RetirementandWills/default.aspx
At the current rate, the system could be operating in the red in just a few years and exhaust its trust fund by 2037. Meanwhile, reform seems more difficult than ever.
http://moneycentral.msn.com/home.asp

As the boomer generation reaches retirement age, many are facing the harsh reality of a less-than-cushy nest egg. Some put their kids through college at the expense of long-term savings. Others simply didn't save enough. Can they live on Social Security alone? Will
Social Security still be available 30 years from now on?

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