Social Security is vital to the financial well-being of many Americans, directly benefiting one‑fifth of the population. However, the Trustees who oversee it warn that an aging society will strain the current system. They call for timely changes to make the program sustainable for future retirees. Implementing reforms sooner rather than later, as the Trustees suggest, will ease the changes by spreading them out and by giving those affected more time to prepare.
Demographic changes threaten Social Security’s long-term sustainability and the problems are already beginning to surface.
Reform is necessary for Social Security and the federal budget overall.
There is a high cost to waiting to fix Social Security.
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