Home » Social Security marks 89th year as retirement fund risks insolvency under Democrats

Social Security marks 89th year as retirement fund risks insolvency under Democrats

Social Security marks 89th year as retirement fund risks insolvency under Democrats  Fox News

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Pleaseenteravalidemailaddress. SocialSecurityhasjustturned89yearsold,buttherearequestionsaboutitssolvencyheadedintotheNovemberpresidentialelection. TheSocialSecurityActwassignedintolawbyPresidentFranklinD.RooseveltonAug.14,1935,asawayofestablishingafederalbenefitssystemforolderAmericans. Today,SocialSecurity’strustfundforretirementbenefitsisprojectedtobedepletedby2033,leavinglawmakersupagainsttheclockonpossiblesolutionsforsavingtheprogram. MOSTUSADULTSWORRYABOUTFUTUREOFMEDICARE,SOCIALSECURITY,GALLUPPOLLFINDS:‘MAGNITUDEOFCONCERN’ AGalluppollreleasedinJunerevealedthat80%ofAmericansare“worried”or“extremelyw