August 19, 2019

This is why Social Security is running out of money | Just The FAQs

This is why Social Security is running out of money | Just The FAQs

With a rapidly growing aging population, securing Social Security funds is now more crucial than ever. But how did we get here in the first place? We explain.

Who would imagine that you could get a wrong estimate of your Social Security benefits from — guess who — the Social Security Administration?

The story is yet another reminder about how you need to double-check your numbers, take a hard look at what you’re being told and keep good records of previous Social Security statements.

In an odd quirk, Social Security finally acknowledged in early August that a glitch caused the agency to send out some incorrect “On Request” paper statements. The troubled reports were triggered if you asked for information on your Social Security account via a paper form, known as an SSA-7004.

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  1. pat the trucker

    Millions of allegedly disabled people who start collecting in their 30's are draining the system. This lady in my neighborhood stop working when she was 50 cause the doctor told her she had bone cancer. She just turned 75 an she mows her own lawn with a push mower. Her cancer has been in remission for 25 years. I know people who are in their 30' collecting.

  2. mehdy huss

    Stupid video trying to distract you from whose hand is sneaky sneaky going inside that piggy bank of the social security and stealing the money. You should know, or should I say it? LoL israel. Ops sorry that anti semetic. It’s of course the gov( Wall Street and banks and corporations and crooked politicians).

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