Americans concur: Fix Social Security!
According to a recent survey, most Americans are aware of Social Security’s future financial woes and want the problem to be fixed. While a significant percentage suggest simply increasing funding is the way to go, an equally impressive percentage of survey respondents favored a combination of scaling back benefits and raising taxes. A meager 8% felt that nothing should be done. While this clearly shows the diversity of opinions about this topic, it also shows that Americans overwhelmingly want Congress to act sooner rather than later. This Motley Fool article by Maurie Backman elaborates on the problem, and suggests that hoping for the best is okay, but preparing for the worst is a good strategy to adopt. Click here to read more.