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Social Security in the future – what will it look like?
Social Security is arguably the most important retirement program in America, especially considering that nearly 62 million beneficiaries rely on the program every month to make ends meet. But with financial distress rapidly approaching in the form of using and possibly depleting the program’s reserves to pay for benefits, you might wonder what the program could look like less than 2 decades from now. In this Motley Fool article, Sean Williams narrates how Social Security’s demographics could change and how that could affect the stability of the program for future retirees. Though the article assumes a rather “worst case” projection, it provides an interesting glimpse of what the retirement future might be like if Congress fails to take remedial action soon. Click here to read more.
AMAC has been at the forefront trying to strengthen Social Security by developing and proposing its Social Security Guarantee. AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.