Social Security: Can it go bankrupt?
If you’re at that point in your life where retirement is on your horizon, it can be pretty disconcerting to hear so many reports about how Social Security “is going broke” or will be bankrupt by the time you need it. After all, you’ve paid into it for your entire working career and were depending on it being there for your golden years. But what is the truth? Well, this edition of Simply Money appearing at Cincinnati.com reveals that Social Security can never really go bankrupt, but it does have some financial issues that need to be resolved or future benefits may be cut. Click here to read more.
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.