What Social Security
Means to You

Written By: Terrance  J. O'Brien

Have your read your Social Security Statement Recently?

Below is an excerpt direct from the Social Security Statement provided by the United States Government:

"Social Security is a compact between generations. For decades, America has kept the promise of security for its workers and their families. Now, however, the Social Security system is facing serious financial problems, and action is needed soon to make sure the system will be sound when today's younger workers are ready for retirement.

In 2017 we will begin paying more in benefits than we collect in taxes. Without changes, by 2041 the Social Security Trust Fund will be exhausted and there will be enough money to pay only about 78 cents for each dollar of scheduled benefits."

 
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