1/10/23: Why the 8.7% Soc. Sec. Cost of Living Adjustment is Bad News - The Real Figure is -23%!
It's Tuesday, January 10. On today's show: the gap between what Social Security was MEANT to provide when it was created and how it's actually being used today. When Social Security was created, there were a lot of workers and not a lot of retirees because life expectancy was so low - we're just not dying at 65 anymore like we are supposed to!
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman · Ric Edelman
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Show Notes
It's Tuesday, January 10. On today's show: the gap between what Social Security was MEANT to provide when it was created and how it's actually being used today. When Social Security was created, there were a lot of workers and not a lot of retirees because life expectancy was so low - we're just not dying at 65 anymore like we are supposed to!
Take a look at your current S.S. statement and what your benefit is supposed to be, and cut that number by 25%. The truth about your future is that in 10 years, that will be your reality if Congress doesn't act now.
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