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Podcast: The IBJ Podcast with Mason King
Episode: Pete the Planner on the Social Security cliff and potential for benefit cuts
Description: If you’re of a certain age—or you anticipate being of a certain age—and you’ve been keeping up with the news lately, there’s a lot out there that can trigger your anxiety. Today we’re going to talk about Social Security. As you likely know, Social Security provides a modest amount of money every month to retirees from a fund that collects payroll taxes on those who are still working. Here’s the first problem: The ratio of people who are employed to people who are retired has shrunk significantly in recent generations. According to the Social Sec...