President Franklin Delano Roosevelt signed the Social Security Act into law on August 14, 1935. As the critical program celebrates its 80th birthday, we take a look at the challenges that must be overcome so that it can see at least 80 more years.
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Social Security Turns 80: The Need for Reform Infographic
1. Without changes, the overall Social Security trust fund will
become exhausted by 2034, resulting in an immediate 21%
across-the-board benefit cut for all beneficiaries.
Acting sooner means that tax increases or benefit cuts will be less
severe, and workers will have more time to plan.
Social Security Turns 80:
The Need for Reform
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An aging population means fewer workers will have to support a
growing number of beneficiaries as the baby boomers retire.
Try to reform Social Security yourself at,
http://SocialSecurityReformer.org