When the Social Security Act was signed into law in 1935, it was primarily designed to provide a financial foundation for our nation's workers who might otherwise not be able to support themselves during retirement. Since 1940, when payouts began, and through today, the program has done just that. According to an analysis from the Center on Budget and Policy Priorities, it's keeping an estimated 15.1 million present-day retired workers above the federal poverty level.But change is on the horizon -- and it's not the good kind.Image source: Getty Images.Continue reading
Are You Angry About Social Security's Long-term Outlook? If Not, You Should Be
newsfeedback@fool.com (Sean Williams), The Motley Fool
Sun, 07/22/2018 - 4:06am
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