For most Americans, Social Security income is, or will be, critical to their financial well-being during retirement. More than two decades of annual surveys from national pollster Gallup have shown that between 80% and 90% of then-current retirees lean on their monthly Social Security check to make ends meet.

America's top retirement program is also responsible for pulling more than 21 million people out of poverty each year, including nearly 15.4 million adults aged 65 and above. It's truly an indispensable source of income.

However, this vital program has begun to show cracks in its foundation. To shore up Social Security for existing beneficiaries and future generations of Americans, lawmakers are going to need to act -- and that all starts at the top with President Joe Biden.

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Source Fool.com