Retirees Alert: Social Security’s Looming Funding Shortfall in 2034 and How to Prepare

Washington, DC – Social Security, a federal program established during the Great Depression, is facing a looming financial crisis that could impact millions of Americans in the near future. With approximately 70 million beneficiaries relying on this safety net each year, including retirees and disabled workers, the program is projected to experience a funding shortfall within the next decade if no action is taken to address the issue. One estimate suggests that by 2034, the …

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