If you’re in your 40′s, 50′s, or 60′s, you’ll probably see the full social security benefits promised to you when you paid into the system throughout your working career. This article from CNN Money via Yahoo Finance, talks about the report that was released this week that Social Security funds will be tapped out by 2041 if it is not reformed.
So, that means that if you’re in your 20′s or 30′s, you’ll be funding social security for your parents, but you won’t get jack squat back when it’s your time to retire. The article goes on to talk about what the three presidential candidates would do to help reform the social security system. Here are the quotes from the article.