Is Social Security in real danger of running out of money?
Many retirees today count on Social Security to pay the bills, and future retires would more than likely do the same. However, according to a recent study by the Nationwide Retirement Institute, 72 percent of workers 50 and over worry about Social Security running out of funding in their lifetime. The study also found that 58 percent of recent retirees and 53 percent of long-term retirees have the same concerns. In Maurie Backman’s article on The Motley Fool website (www.fool.com), she answers whether or not Social Security is in real danger of running out of money. Read her article here…
AMAC has been at the forefront of efforts to strengthen Social Security, and has proposed “The Social Security Guarantee Act of 2017” as a legislative framework to achieve solvency for this critical earned-benefit program. AMAC representatives have been actively discussing this common-sense solution with Congressional Representatives in efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.