Unreal.
For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year. (More like hundreds of billions)They will need to raise payroll taxes or extend the retirement age to like 102.
Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more. More from the article.....
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