This Simple Move Could Save Your Social Security
Tens of millions of Americans rely on Social Security for a huge portion of their monthly income, and many more expect to take advantage of their Social Security benefits in the future. Yet Social Security has faced the prospect of future financial problems for years, and Washington gridlock has seemed to prevent any real forward movement toward saving Social Security regardless of which party controls Congress or the White House.
Last month's 2020 Social Security Trustees Report highlighted the need for action in the near future, as the trust funds that will provide a growing portion of the funding for Social Security benefits are another year closer to running out of money. Yet along with the report's analysis of the financial condition of the Social Security program, 2020 marked yet another year in which the board of trustees overseeing these multitrillion-dollar pots of money failed to have the full level of representation required by law. With politics becoming more of an obstacle than ever toward finding a solution to Social Security's problems, naming the two members of the general public who should be included as trustees will be essential if policymakers actually want to find a lasting solution that Social Security recipients can understand.
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Source Fool.com
