Yes, a bailout is probably unavoidable, but it'll be a bitter pill to swallow.
Social Security's finances are far more fragile than the usual deterministic forecast suggests.
Readers on other platforms will know that I have been sewing facemasks. My current count is 120 given away; I have a further 20 that are waiting for homes, plus, of course, the ones for our family. I'd been saying, "it makes me feel useful," especially knowing that my writing at Forbes on retirement isn't … Continue reading Will the “Restore Illinois” plan actually, well, restore Illinois? I don’t have much hope.
Maybe yes, maybe no, but not now.
It is far too soon in the game to know how corona will affect retirement.