Myths and Truths About Social Security
Yes, the system needs some adjustments, but we don't need to destroy it in order to fix it
By Karen Westerberg Reyes
April/May 2005
Social Security is the ultimate support system, a monetary cushion for grandmothers and granddads, but also a lifeline for widows, widowers, divorcées, orphans, and people with disabilities. For the average American over 65, Social Security makes up nearly 40 percent of income. For about 20 percent, it is their only income. The system has worked well for some 70 years now with few adjustments. These days, it's on everyone's radar. That's because President Bush has put Social Security reform at the top of his second-term to-do list. He and many others argue that big changes are necessary if Social Security is to survive, much less thrive. But there are those, AARP included, who believe a radical overhaul could spell disaster—the end of Social Security as we now know it.
Is the current Social Security system really at death's door, or are the rumors of its demise greatly exaggerated?
Read the full article at AARP The Magazine
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