NEWS

Thu, Mar 25

Social Security payout to exceed pay-in this year

© MSNBC.com 2010

 

The bursting of the real estate bubble and the ensuing recession have hammered 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. Read more.

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