Social Security’s $63 trillion in unfunded liabilities ⚠️

Social Security is facing $63 trillion in unfunded liabilities. This refers to the gap between what the program is expected to pay out in benefits and what it will receive in taxes and other income over the long term, based on current law and economic projections.

This situation underscores the importance of personal savings and diversification for retirement, as relying solely on Social Security might become increasingly risky.

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