Social Security

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In The News with Terrance McAndrews

In The News with Terrance McAndrews

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Few programs have as much of an impact on American society as Social Security.  Created in 1930’s, it has grown to become one of the largest parts of retirement planning and American life.  An estimated 55 million people receive Social Security benefits on a monthly basis and its payments constitute roughly 5% of the American economy.

But is it going broke?  In this episode we attempt to analyze the current state of the program and how things bode for it going forward.  We discuss current finances, and the current and future impact the retirement of the baby boomer generation will have on the program.

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