According to a Pew Research poll, roughly half of Americans younger than age 50 believe they won’t receive any Social Security benefits. However, that’s unlikely to be the case. It’s true, we haven’t had a surplus in the Social Security Trust Fund since 2010 and if nothing is done in the next couple of decades there would have to be cuts in Social Security benefits. The current date for that is 2034. However, this would be a big political fiasco for anyone in office at the time, so politicians are likely to act well before that happens. Hopefully they will raise payroll taxes. However, another option they have is to keeping raising the year in which you retire.
