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Keeping the Social Security Promise
Nebraskans work hard each day to provide for their families. For generations, Americans have paid taxes into Social Security with the expectation the program will be there if they need it when they get older. Without reform, the Social Security Trust Fund will continue toward insolvency. As our population has aged, the ratio of workers paying into Social Security has gone from 16-to-1 in 1950 to less than 3-to-1 today. Because of this change, Social Security is paying out more in benefits than it is taking in from workers. In fact, in the last six years the amount of benefit obligations Social Security would be unable to pay over the next 75 years has doubled to $10.6 trillion. Read more…
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