Factual Information About Social Security

Social Security is one of the largest sources of federal spending.  It is funded by the payroll tax which has provided more revenues that are paid out in benefits for over 30 years.  This article provides useful information about where the money goes and how it effects living standards for the elderly.  It also discusses the long term finances of the program.  This another area of federal spending that is poorly understood.  Many young people do not believe that Social Security will be available to them when they retire.  They have been convinced that the program is going to be insolvent.  That is not an accident.  Young people have been intentionally misinformed about the solvency of the program because it reduces their support for the program.  That is precisely what is desired by those who would like to end the program or privatize it.