About Social Security’s Future
It’s been quite widely reported that Social Security will be facing financial difficulties in the not-too-distant future. And that was true even before the COVID-19 pandemic ravaged the U.S. economy. But the pandemic isn’t the real reason Social Security is in trouble. Rather, there is a collection of causes, as discussed in this Motley Fool article by Sean Williams, especially the declining ratio of workers to beneficiaries and the increased longevity of American citizens. The article correctly states that both political parties have solutions to address Social Security’s problems, but neither seems willing to compromise and reach a bipartisan solution. Reality is that Congress must act soon to fix Social Security’s financial problems. 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.