Social Security has had a significant impact, with payments helping 22 million Americans, mostly seniors, out of poverty each year, according to the Center on Budget and Policy Priorities.
Social Security is a bedrock of this nation
Frank Garcia, a registered Social Security analyst, notes that the program faces a "silver tsunami" as many Americans reach retirement age, putting pressure on the program, which is expected to see its retirement trust fund run dry in 2033.
Author's summary: Experts discuss Social Security's future.