Why is it necessary to take action to fix Social Security?
Fifty years ago, there were 16 workers to support every person on Social Security. Today there are only 3.3 workers to support every beneficiary. By the time our youngest workers, those just entering the workforce today, turn 65, there will be only 2 workers supporting each person on Social Security. Benefits for todayís seniors are secure. The current system, however, will not be able to afford to pay promised benefits for our children and grandchildren without enormous tax increases.
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- Why is it necessary to take action to fix Social Security?
