News

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

March 25, 2010/

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

Related Stories

No related posts.

Leave a Comment

You must be logged in to post a comment.

MATR Sponsor (view all)


"For small to medium to national organizations, for events and fundraisers of any size, in any format – live, virtual or hybrid – the platform is built for scale."

MATR Supporters (view all)


Working closely with GFDA’s economic development team, HPF helps Montana businesses access the capital they need to expand, modernize, and strengthen local communities.

Prospera's mission is to advance and inspire diverse economies and communities in southwest Montana.

We will bring the North Coast Hiawatha train route back to Southern Montana