Millions of Americans receive Social Security benefits, and millions more will do so in the future. This program provides a much-needed financial safety net for many people during retirement. So it’s important to understand how Social Security works. Do you have confidence in the future of Social Security?
How Americans Feel About Social Security
According to MarketWatch, there’s a surprising trend showing up in data about the average American’s confidence in Social Security. A recent survey by Employee Benefit Research Institute and Greenwald Research shows that 52 percent of workers believe Social Security will be there for them when they retire like it is for retirees now.
Why is this surprising? In recent years, there have been alarming stories about the future of the program in the news. Even at The Seniors Center, we’ve warned retirees about the need to protect benefits through the Social Security Lock-Box Act, which would keep money in the program. As the Social Security trust fund is depleted over time, keeping money out of the hands of politicians becomes more important.
But despite all this, it looks like Americans are still confident that Social Security will be there for them when they retire. MarketWatch indicates that the program is “the primary source of income for many, if not most, retirees.” And while changes may come, it seems that most workers are confident that Social Security won’t go away entirely.
At The Seniors Center, We’re Working to Ensure That You Can be Confident in Social Security’s Future
We’ve been fighting for the future of Social Security for years. And today, we’re calling on Congress to pass the Social Security Lock-Box Act. This bill would keep the money in the program and out of the hands of politicians. It’s a simple, common-sense step that would protect benefits for current and future retirees.