Congress offered a partial solution, but the fix hasn't been widely publicized, consumer advocates say. “If you're a single parent or a couple with kids living on, say, $25,000 a year, you might see 25% or more of your annual income in the form of your federal tax refund because of these credits,” says Timothy Flacke, executive director of Commonwealth, a nonprofit that…
Many young adults already believe Social Security won’t be around for them to collect. Although Social Security isn’t bankrupt, it’s certainly facing a serious shortfall in income to cover promised payments. Finding a consensus to fix the shortfall won’t be easy.
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