Here's what he said.
While it is highly sought after, social security may go bankrupt in a matter of years according to a top economist. This means that payments to retirees and others will end in a matter of time.
A recent nationwide poll came to the conclusion that 70% of Americans think that social security will soon run out of money given its current state. Economist Olivia Mitchell believes that this may very-well happen sooner than most people expect.
She stated that “It seems that the date of insolvency of SS has crept sooner—perhaps as early as 2029.” This leaves around 8 years left of social security benefits for retiree's if this is true.