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Showing posts with the label S.S. is not a govt. piggy bank

Social security administration

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Fact or Fiction: Congress Stole From Social Security? Did lawmakers really begin comingling Social Security dollars with general government spending back in the late 1960s? Sean Williams Author For nearly 80 years, Social Security has been a financial rock for our nation's elderly. Although it's not an entitlement, most Americans will earn themselves a retirement benefit through decades of hard work. And when they do hang up their work gloves for good, there's a good chance they'll be reliant in some form on what's received from Social Security. More than 3 out of 5 of today's retirees lean on the program for at least half of their income, with  84% of non-retirees  expected to be reliant on Social Security income in some capacity to make ends meet, according to an October 2018 Gallup survey. Yet, it's also a program that's facing hardships like never before. This is Social Security's biggest challenge since its inception According to the annually re...