General World News

As Social Security turns 90, what will its future hold?

The Social Security system celebrated its 90th birthday this week. In the wake of this milestone, several policy analysts and news outlets offered their thoughts on the program’s past, present and future.

The Committee for a Responsible Federal Budget (CRFB) noted that the safety net program that currently serves some 69 million Americans per month is on track to be insolvent by the end of 2032. At that time, benefits are set to be slashed by 24% for all recipients if a solution isn’t achieved. For the average retired couple, that equates to $18,400 in annual benefits lost.

CRFB, a nonpartisan details ⇒

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