In a recent report, the Cato Institute has warned that the Social Security program’s funding shortfalls could result in significant financial sacrifices for young American workers.
What Happened: The Cato Institute has projected that the Social Security Trust Fund will run out of funds in the next decade, potentially leading to a crisis for the program, reported Newsweek. Younger workers may need to bear significant financial burdens to sustain the program for both current and future recipients.
