By Chuck Saletta, The Motley Fool
Filed under: U.S. Government, Retirement Living, Retirement Plans, Social Security
On Tuesday, The Congressional Budget Office updated its annual projections on the health of Social Security and its Trust Funds. In essence, if you’re still working and you’re depending on that program to cover your retirement — you’ll be in for a shock. Or three.
Shocker No. 1: It’s failing faster than even last year’s dire projection.
The table below shows the CBO‘s projections for combined Social Security Old Age, Survivors, and Disability Insurance Trust Fund balances, with the 2012…
3 Social Security Shockers From the CBO’s Latest Report originally appeared on DailyFinance.com on 2013-02-08T06:00:00Z.