Social Security benefits are a source of income for around 70 million seniors, totaling more than $1.5 trillion in payouts annually, according to the Social Security Administration (SSA). So, the fact that it will become insolvent in 10 years is, to say the least, concerning.
2035 isn’t all that far into the distant future, and the problem is a tough one to solve, said Chris Orestis, president at Retirement Genius and a national retirement expert.
