The Next Presidential Election Could Determine Social Security's Fate
A lot is at stake in the next presidential election, but one of the most important issues may be flying under the radar: The future of Social Security.
Social Security is one of the most popular entitlement programs in U.S. history, but it's in trouble. If no action is taken, its trust fund could run short, necessitating a major benefits cut and devastating retirees who rely on the program. The program's trustees have been warning of this possible outcome for a long time, but while lawmakers have tried to find solutions, efforts at reform have thus far failed.
Soon, however, kicking the can down the road will no longer be possible and politicians will be forced into action. And if big changes are made for the first time since the Social Security Amendments of 1983, the president will likely have a major impact on what those changes are.
Source Fool.com
