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.