BoomerVille: Social Security Payments Could Get Cut 20% By 2032, Obsessed with Stock Market
Some of us anticipated that, unless Congress intervened, our Social Security monthly payment would be cut. Now, we're finding out this: That could happen in six years and the percentage of reduction could be 20%. So, if you're receiving about $2,000 a month, that could be cut by about $400.
Therefore, those of us blessed with investments in equities are downright obsessed with the stock market. That could provide one of the few options to make ends meet. It is getting more difficult for the aging to land work, any kind.
At 1:10 AM ET futures are down:
Dow Futures
49,392.00
Fair Value
49,566.42
Change
- 177.00 0.36%
Implied Open
- 174.42
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