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11 Myths About Social Security Finally Debunked

October 14, 2019 · Saving & Spending

‘The program is collapsing.’

This myth relies on fear to spread. Otherwise, why would anyone willingly lie about something like this? In fact, the program has reserves it’ll tap if and when it needs to. Remember the surplus we talk about earlier? Yeah, it’s one and the same. 
You’ve probably heard that the cash will run out in 2034 but rest assured that we’ll still see around 80% of benefits through 2090. So, really, there’s nothing to worry about. 
The real worry lays with low birthrates and fewer people entering the workforce. 
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