A number of surveys conducted over the last few years show that a growing number of Americans are losing faith that they will receive their full Social Security benefits as promised. Predictably younger adults expect to receive no benefits at all when they retire. Although they may differ regarding the urgency of the situation, most financial and policy experts agree there is good reason to be concerned about Social Security’s financial health.
The Social Security Act was signed into law in 1935 under President Franklin D. Roosevelt. It established two national social insurance programs; old-age retirement benefits for workers in …Read More