There isn't a social program in this country that improves the financial well-being of Americans quite like Social Security. According to an analysis conducted by the Center on Budget and Policy Priorities using data from the U.S. Census Bureau, nearly 22.7 million people are lifted above the poverty line every year by the guaranteed payments Social Security provides. This includes 16.5 million seniors aged 65 and over.

But just because America's top retirement program provides the necessary income to help its beneficiaries cover their expenses, it doesn't mean Social Security is infallible.

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Source Fool.com