“Social Security Costs to Exceed Income in 2020, Trustees Say”
April 30, 2019
“WASHINGTON—Social Security’s costs are expected to exceed its income in 2020 for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits…”
If you’re young don’t count on social security. It won’t be there. If you want to be homeless after you retire ignore my advice. You shouldn’t count on 401K either but I’ll save that topic for another day. If your strategy is to rely on either one of these your future will be very grim.