Social Security is vital to the financial well-being of our nation's retired workers, as well as millions of workers with disabilities and the survivors of deceased workers.

The Center on Budget and Policy Priorities released a report in April 2022 that showed that nearly 22.5 million people are pulled out of poverty each year as a result of Social Security payments. What's more, the poverty rate for aged Americans sits at 9% because of Social Security's existence, as opposed to an estimated 38% without the program. 

Yet as amazing as this program has been for more than eight decades, Social Security is rife with issues.

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Source Fool.com