Here is the real story of Social Security in one sentence: It is underfunded and badly needs to be modernized but even if Washington does nothing, young people will receive three-quarters of their promised benefits. And last I looked, three-quarters of promised benefits falls somewhat short of a “monstrous lie.”
But it should be fixed – and easily could be. The alternative – investing in riskier stocks – looked more promising a few years back.
The Dish 