No Need to Panic: Social Security Is NOT Running Out
Social Security is a great, noble and necessary government program established by President Roosevelt in 1935. In almost 90 years, there have been minimal changes to Social Security benefits. And with people living longer, a new program is needed.
Given this history, it is no surprise that changes are coming to Social Security. To eradicate panic, it is essential to understand that the worst-case scenario is an almost 25% reduction in benefits. So, while not ideal, changes to Social Security – or as others have reported “running out” – will not mean zero benefits.
