3 Reasons Your Social Security Benefits Could Take a Serious Hit

Maurie Backman, The Motley Fool
3 Reasons Your Social Security Benefits Could Take a Serious Hit

Millions of seniors look to Social Security to help fund their retirements. In April of 2020, the Social Security Trustees reported that the program's trust funds are set to run dry by 2035. Once those trust funds run out of money, benefits could be slashed by more than 20%, leaving current and future recipients in the lurch.