Wednesday, November 18, 2009

Social Security How Long Will It Last?

Money How long can Social Security last?

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.

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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