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19:15
YouTube
CNBC
How Social Security Works
Since 2010, Social Security’s cash flow has been negative, meaning that the agency does not collect enough money through taxes to cover what it is paying out. Even though there was still this vast trust fund behind Social Security, they started tapping that fund’s interest. Starting in 2021, they will have to dip into the trust fund itself ...
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If you qualify for Social Security and collect a pension from a job that doesn’t pay FICA taxes, your Social Security income will be reduced but not eliminated. To learn more, visit our Social Security Resource Center at http://spr.ly/6183GKRDX. | AARP
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