CNBC | Thursday, September 14, 2023 
Social Security’s trust funds are running dry. Here are 4 things to know

The following is an excerpt from “This week, your wallet,” an audio program produced by CNBC’s Personal Finance team. Social Security is the largest federal program in the U.S. The vast majority of older Americans get Social Security benefits, which either partially or even fully fund their income in retirement. Yet the program faces solvency issues. “Its overall health has implications for virtually every American,” said David Blanchett, head of retirement research at PGIM, the asset management arm of Prudential Financial. Here are four takeaways from a recent conversation about Social Security’s future with Blanchett; Doug Boneparth, a certified financial planner and founder of Bone Fide Wealth in New York; and CNBC personal finance reporter Lorie Konish. – 1. Social Security is ‘America’s pension safety net’ – Virtually every retiree receives some sort of guaranteed income stream — and Social Security is “by far” the most prominent of these income sources, Blanchett said...Read more