A Young Person’s Guide to Social Security

Economic Policy Institute writes: “Social Security is the nation’s most successful anti-poverty program and it remains a fundamental pillar of the American economy—one that is critical to the long-term economic security of today’s young people. The National Academy of Social Insurance (NASI) and EPI just released an updated and revised version of A Young Person’s Guide to Social Security, a comprehensive 60-page guide written by young authors for students and young workers.” If you wonder if Social Security is broke or it’s a giant Ponzi scheme, fear not. “The program’s financial status can be summed up in one sentence: Social Security’s projected shortfall is 2.68% of taxable earnings over the next 75 years.” So eventually you will receive some amount when the time come. (epi.org)