Social Security on the Ropes Again?

Posted By Cliff Tuttle | February 15, 2010

Posted by Cliff Tuttle © 2010

According to a column in the Chicago Tribune, the Social Security system will once again be earning less every year than it is paying out.  The author predicts that the fund will be broke again by 2037.  Of course, a lot of things can and will change between now and then, including the deaths of a large number of those pesky baby boomers.

Even if Congress can’t agree on how to fix it (and they eventually will), I predict that a much larger number of us will not be retiring at 65 and will elect to postpone taking benefits.  What do most retired men do anyway?  That’s right, watch television. Better to work.

CLT

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CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

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