This is why Social Security is running out of money | Just The FAQs

With a rapidly growing aging population, securing Social Security funds is now more crucial than ever. But how did we get here in the first place? We explain.

Who would imagine that you could get a wrong estimate of your Social Security benefits from — guess who — the Social Security Administration?

The story is yet another reminder about how you need to double-check your numbers, take a hard look at what you’re being told and keep good records of previous Social Security statements.

In an odd quirk, Social Security finally acknowledged in early August that a glitch caused the agency to send out some incorrect “On Request” paper statements. The troubled reports were triggered if you asked for information on your Social Security account via a paper form, known as an SSA-7004.

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