Faculty Publications

Title

Congress Proposes Three Changes To Social Security That Make Sense

Document Type

Article

Publication Date

10-29-2014

Abstract

The importance of Social Security retirement benefits cannot be understated as nearly one third of all U.S. retirees rely solely upon Social Security for their retirement income. Despite its importance and successful history of providing retirement income to the elderly, Social Security is at a crossroads and cannot continue down the same path for much longer. If it continues to operate under the status quo system, Social Security will only be able to pay 77% of its promised benefits in 2033.