This Has Never Happened in Social Security’s 83 Years of Existence

This Has Never Happened in Social Security's 83 Years of Existence

Each month, close to 63 million Americans, nearly 70% of which are retired workers, receives a monthly benefit check. Of these retirees, 62% lean on their payout to account for at least half of their income. It’s been estimated that if Social Security didn’t provide this guaranteed income to eligible aged beneficiaries, the elderly poverty rate would be more than four times higher than it is right now. That’s how vital this program is to the financial well-being of our country and our seniors.

It’s also a program that’s about to do something that’s never been done in its 83 […]

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