Social Security is written about almost exclusively in terms of its financial health. Last week, for example, the trustees for Social Security reported that without legislative changes, the program’s financial reserves would be exhausted by 2033, and it would thereafter be able to pay only about 75 percent of its legally required benefits. That was the same doomsday year as the trustee’s 2012 report, and it was widely interpreted as a sign that the program was in no worse shape than last year. The message: Move on to another news story.
Read the full article at U.S. News & World Report.