7 Reasons Social Security Is in Big Trouble

7 Reasons Social Security Is in Big Trouble

Over the past eight-plus decades, we've watched Social Security grow into the most important social program in this country. Every year since Social Security first began paying benefits (1940), the Social Security Board of Trustees has released a report that examines the short-term (10-year) and long-term (75-year) outlook for the program. Put another way, Social Security has unfunded obligations over the next 75 years.