Social Security Report

Reader View: Reform Social Security — don’t procrastinate

On August 14, 1935, President Roosevelt signed the Social Security Act into law. Five years later, Ida Fuller of Ludlow, Vt., was the first American to receive a monthly check, amounting to $12.54.  Today, Social Security provides about $863 billion in benefits to more than 59 million elderly and disabled Americans, which account for almost a quarter of the entire federal budget. Social Security lifts more than 22 million Americans out of poverty and has served its original mission as an essential component of this country’s social safety net. Now, Social Security itself faces insolvency…Read More

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