If you ask people in their 20's or 30's whether they will receive Social Security payments when they retire, a large percentage will tell you no.
They have a right to be concerned. The government says Social Security will now become insolvent in 2033.
We need congress to act now and take bold steps to make sure future generations who are paying into Social Security will receive a check and at the same time, protect those now retired or about to be.
In recent years there are fewer companies offering pensions. Most folks who retired depend on what they saved in their 401K accounts, plus what they receive from Social Security.
The reason congress needs to make changes now is so workers of all ages, especially younger ones, have time to adjust their retirement plan to compensate for those changes.
I'm James Smith.
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