Social Security has had a significant impact, lifting 22 million Americans out of poverty each year, according to the Center on Budget and Policy Priorities.
Social Security is a bedrock of this nation
says Frank Garcia, a registered Social Security analyst. He notes 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 summary: Experts discuss Social Security plans.