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How Social Security invests its money – and why it may run out of cash really soon – CNBC

For years, the Social Security payroll tax hasn’t been enough to cover benefit payments for the massive baby-boom generation that has started to retire.

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Less than half of Americans believe Social Security will be able to pay them a benefit when they retire, according to a recent Quinnipiac poll.
This is especially problematic, given that some 57% of retirees say Social Security is a major source of income in their retirement, far outpacing IRAs, 401(k)s and other work-sponsored pension plans.
In 2020 alone, $1 trillion in Social Security benefits will be disbursed to about 65 million people.
Since 2010, however, the Social Security payroll tax hasn’t…

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