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Social Security to See Payout Exceed Pay-In This Year – Originally not expected until 2016

March 25, 2010 /

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Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

The bursting of the real estate bubble and the ensuing recession have hurt jobs, home prices and now Social Security.

This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.

By MARY WILLIAMS WALSH

Full Story: http://www.nytimes.com/2010/03/25/business/economy/25social.html?hp

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