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Daily Progress - Social Security

Our Local Paper the Daily Progress is running a series on Social Security:

Social Security Is Still Broken

It says: "Currently, 3.3 workers pay taxes to support each retiree. The system has worked so long as the base of the pyramid was larger than the top. But the baby boomers did not have enough children, so when they retire, the ratio of workers to retired boomer will be only 1.8 to 1. Short of burdening the next generation with massive taxes to support us, there is no solution. The system was flawed from its inception."

We are certainly in for some challenges ahead and I hope that we can work out the Social Security issues.

Is anyone else concerned or have an opinion?

Posted Monday Oct 13