Social Security Payout to Exceed Revenue This Year

(NEW YORK TIMES) — 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.

via Social Security Payout to Exceed Revenue This Year – NYTimes.com.

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