How to resolve AdBlock issue? - Beyond the Boom: How Fourth of July Fireworks Terrify Our Pets and Impact Our Community
- Sound of Silence: Is a Viral Science Experiment the Future of Firefighting?
- Braving It Solo: Your Guide to WNC Bravecation for Singles
- Forever Golden: Celebrating Brian Wilson & The Beach Boys' Endless Summer
- Remembering What Memorial Day's Really About
WNCTIMES
Serving The Citizens of Western North Carolina Since 1995 It's Not Baby Boomers who have taken most from Social Security
With 10,000 baby boomers turning 65 every day, many believe the sheer size of that generation is putting undue pressure on Social Security's funds.
CNBC PUBLISHED MON, JUN 10 2019 2:01 PM EDT UPDATED AN HOUR AGO
Lorie Konish@LORIEKONISH
But it turns out that the earliest beneficiaries, from back when the program was created in the 1930s, were actually the ones who received more money than they paid in.
Policy changes made around that time contributed to the missing reserves that program faces today. To fix that, it will require tax increases, according to the Center for Retirement Research at Boston College.
You've probably heard before that baby boomers are to blame for Social Security's money woes. Yet new research from the Center for Retirement Research at Boston College suggests otherwise.
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