Financial Fitness with The Money Doctor with Frances Rahaim, Ph.D.

How many politicians does it take to solve a $22 trillion Social Security deficit? Established in 1940, when the average check was about $20 (about $440 in today’s dollars). Many retirees today receive checks well below the poverty level. Since 1985, the trustees have been warning about the future of Social Security could be doomed. If no changes are made by 2033, we could be looking at a 23% cut across-the-board. Who is to blame and what can you do about it? Listen in and find out!