The Single Greatest Thing About Social Security Is This

Whether you realize it or not, Social Security is a financial pillar for tens of millions of Americans. Each and every month, 48 million people receive retirement benefits, nearly 10 million are divvied a disability insurance check, and just shy of 6 million get a survivor payout. Of these recipients, more than 22 million are being pulled above the federal poverty line solely because of this monthly payout, according to an analysis by the Center on Budget and Policy Priorities.

What's more, it's a program that also looks out for tens of millions of working Americans. The Social Security Administration finds that close to 90% of today's working Americans are protected by the program in the event of a long-term disability.

But none of these amazing statistics describes the most important and arguably the single greatest thing about Social Security -- namely, that the program is incapable of going bankrupt or becoming insolvent in its current form.

Continue reading

Source Fool.com