Social Security at risk in 2034
Social Security will not be able to fully pay-out monthly benefits in less than ten years if Congress does not take action.
When President Franklin D. Roosevelt signed the Social Security Act into law 90 years ago this week, he said it would provide economic stability to older people while giving the U.S. “an economic structure of vastly greater soundness.”
Social Security will not be able to fully pay-out monthly benefits in less than ten years if Congress does not take action.
Republican presidential candidate Nikki Haley is proposing changes to entitlement programs for younger generations, opening the door to potential cuts to Social Security and Medicare if elected.