For years, policymakers have reassured the public that Social Security will be solvent for decades. But outlay and income data from the Treasury reveal that Social Security is already deep in the red — by $76 billion in 2010 alone. That’s just the beginning.
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Social Security Is in Far Worse Shape Than You Think originally appeared on DailyFinance on Wed, 19 Jan 2011 06:30:00.
Filed Under: Retirement, Economy, Taxes