Want to Save Social Security? Here's What It'd Really Take -- and Why Washington Might Never Do It

Want to Save Social Security? Here's What It'd Really Take -- and Why Washington Might Never Do It

The legislation that created Social Security dates back 87 years. Given the importance of Social Security to the financial health of a vast swath of the American public, news of the program's dire financial straits is alarming. Due to demographic shifts in the population, Social Security is now paying out more in benefits than it receives in revenue from payroll taxes and other sources.