Social Security may face benefit cuts, but bankruptcy isn’t imminent. It’s funded by payroll taxes, so it won’t disappear. A financial shortfall is expected as baby boomers claim benefits, with a potential 23% reduction in 2033. Even without cuts, benefits only replace 40% of pre-retirement wages. Boost retirement savings for financial security.

Read more at Yahoo Finance: Social Security Isn’t Going Away. Should You Pretend That It Is?