Here's How We Fixed Social Security Last Time It Was in Trouble
There has been quite a bit of coverage in the media about Social Security's financial troubles. To be fair, Social Security is heading toward a serious financial crisis in less than two decades if nothing is done to fix the problem.
However, it's important to be aware that this is not the first time Social Security's financial health has been in danger, and history tells us that something will be done before the program runs out of money. Here's a quick background on the last time Social Security was in trouble, and what we did to fix it.
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Source: Fool.com
