Saving Social Security

摘要

For almost 70 years, Social Security has provided retirees with a basic level of income that is protected against inflation, financial market fluctuations and the risk of outliving one's assets. It protects against other risks as well, such as disability or the death of a family wage earner. In addition, through its progressive structure, Social Security provides some protection against one's career not turning out well. Social Security plays a critical role in providing financial security during retirement: It provides the majority of income for two-thirds of elderly beneficiaries, and all income for 20 percent of elderly beneficiaries.