3 Core Ways to Fix Social Security -- Which One Speaks to You?
Social Security is arguably the most important social program we have in America. It currently provides a monthly benefit check to 42 million retirees and close to 20 million additional people who are disabled, survivors of deceased workers, or tied in some way to a primary workers' earnings. In the case of retirees, three in five count on their monthly Social Security check for at least half of their income.
However, this financial foundation for seniors and many future generations of workers is beginning to crack and crumble. Baby boomers are leaving the workforce at a pace of more than 10,000 per day, pushing the worker-to-beneficiary ratio down, and folks who are retired are living longer than ever, meaning the system is strained by people receiving benefits for perhaps two decades or longer.
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Source: Fool.com
