Earth & Conservation

How Does Social Security Really Work?

Social Security disability funds are expected to run out as soon as next year. What exactly is Social Security and why should we care?

Learn More:
Social Security Basic Facts
http://www.ssa.gov/news/press/basicfact.html

"By 2033, the number of older Americans will increase from 46.6 million today to over 77 million."

A Summary of the Annual 2014 Reports
http://www.ssa.gov/oact/trsum

"Neither Medicare nor Social Security can sustain projected long-run program costs in full under currently scheduled financing, and legislative changes are necessary to avoid disruptive consequences for beneficiaries and taxpayers."

Social Security: The Big Picture
https://www.jpmorganfunds.com/blobcontent/517/976/1323366831214_RI-SS-BIGPIC.pdf

"There is no question that America is experiencing a tremendous demographic shift. The current size of the GI and Silent generations, people born between 1910 and 1945, is just over 33 million individuals. The Baby Boomers, born between 1946 and 1964, are currently more than twice as large a group."

Elizabeth Warren: Expand Social Security
http://www.huffingtonpost.com/2013/11/18/elizabeth-warren-social-security_n_4298336.html