Beneath The Rancor, Social Security’s Future Is On The Ballot

[DonViejo]

Reuters

October 27, 2016 12:34 pm

By Mark Miller

CHICAGO (Reuters) – The future of Social Security is on the ballot this year – not that you could tell by the U.S. presidential debates, or by any other aspect of this rancorous, sensational election.

But 67 percent of registered voters rank Social Security as a “very important” part of their voting decision this year – just behind the economy, terrorism, gun policy and immigration, according to the Pew Research Center.

And so it should be. Social Security is the most important retirement benefit for most American workers – it provides at least half of the income for 48 percent of retired couples, and for 71 percent of single seniors, according to the Social Security Administration. Also, Social Security benefits kept 22.1 million seniors, working-age adults and children out of poverty in 2015 according to an analysis of Census data released this week by the Center on Budget and Policy Priorities.

But Social Security’s retirement and disability trust funds are forecast to be depleted in 2034. At that point, benefits would be cut an estimated 21 percent, unless Congress takes action.

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http://www.nationalmemo.com/social-securitys-future/?utm_campaign=website&utm_source=sd&utm_medium=email

[Cakes488]

1. And Congress will take action...oh yes they will because we will make them.

[tonyt53]

2. You betcha! Wall Street is chomping at the bits to get some of that money.

They are buying lots of representatives and senators.