There’s nothing wrong with Social Security that a few changes can’t fix
After 65 years Social Security is, like America, facing the challenges of aging. Fewer workers will be paying into the system to support those who receive benefits. By 2040 there will be just two workers for each retiree, compared with more than three today, seriously affecting the solvency of the system. But just how dire is the financial picture? Will Social Security be there for our grandchildren?
Designed to provide a basic income for retirees and their families, Social Security has done remarkably well in achieving that goal and is considered the most successful government program in the nation’s history.
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