Few government programs have had the impact of Social Security, helping lift 22 million Americans out of poverty each year, according to the Center on Budget and Policy Priorities.
“Social Security is a bedrock of this nation,”
says Frank Garcia, a registered Social Security analyst. He notes the program faces a “silver tsunami” as large numbers of Americans reach retirement age, putting pressure on the program, expected to see its retirement trust fund run dry in 2033.
Author's summary: Experts discuss Social Security's future.