Number of People Who Pay Into Social Security Plunges

Number of People Who Pay Into Social Security Plunges

In 1960, five people paid into Social Security to fund each beneficiary. That number fell to 2.8 last year. By mid-century, it will be closer to two. 24/7 Wall St. Key Points The ratio of workers funding each Social Security beneficiary has plunged since 1960. Social Security benefits may be curtailed in 2032 or 2033, unless Congress acts to prevent it. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a finan…

Senate candidate pitches plan to save Social Security from running out by 2033

Zach Wahls is calling to reverse the cuts made to the program's budget, along with lifting the cap on Social Security contributions for higher-wage earners