The discussion over the future of Social Security has once again drifted to the sidelines this political season. This shouldn’t surprise anyone because it has pulled a vanishing act every election year over the past decade.
While you have likely heard that the program pays more than 70 million people, not many address the fact that another 30 million Americans are about to start collecting Social Security over the coming decade. Although monthly Social Security payments may not be important to every one of these people, roughly 40 percent will depend on their Social Security check as their primary source of income. Basically, the program is a lifeline to millions of Americans.
For most of us, these people are also known as mom and dad; ma and pa; and soon enough, the person in the mirror. Despite the importance of the program, any question about the reliability of its payments…
