Social Security
Not OK, boomers: Why your future Social Security benefits may be much less than promised
Continued delay in fixing Social Security's shortfall threatens the future of people working today and the security of those well into retirement.
Brenton Smith
Opinion contributor
Before Congress spends more time and money on other priorities, lawmakers need to turn their attention to the stability of Social Security.
It has been nearly 40 years since Congress found common ground on corrective action for the system's finances, and those figures have deteriorated ever since.
This issue really can’t wait anymore. Continued delay not only threatens the future of people working today; it puts the security of those well into retirement in jeopardy.
At this point, the average voter hears that the experts at the Social Security Administration believe that Social Security is fine until 2035, at which point incoming revenues will be sufficient to cover only about 75% of scheduled benefits.