Americans hope to see major changes to Social Security in 2025
The rising cost of living has sparked discussions about Social Security funding reform.
The Social Security Administration was established in 1935, and since then, seniors have become reliant on its benefits to make ends meet during retirement. ‘
As employer pension plans were replaced by 401(k)s in the early 1980s, Social Security payments became the only source of guaranteed income for many older Americans.
The federal program has faced funding issues for decades, but a combination of factors threatens its longevity now more than ever.
.
