Social Security Report

Fixing Social Security’s financial woes

With Social Security’s $2.8 trillion in financial reserves projected to run out in 2034, there have been lots of suggestions on how to fix the problem and avoid cutting benefits when that happens.  Various proposals have been introduced in Congress, with most proposing either an increase in payroll taxes or a cut in benefits, or some combination of both.  This Motley Fool article by Matthew Frankel offers several unconventional ways that the issue might be resolved, each of which can surely be called “outside the box” thinking.

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.

To read Matthew Frankel’s article titled “3 Creative Ways We Could Fix Social Security”, click here.

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