President Donald Trump Just Called for a Drastic Social Security Change -- but It Comes With Unintended Consequences
Not every Social Security idea is necessarily a good one.
In March, more than 52 million retired workers took home an average Social Security benefit of nearly $2,000. While this is a relatively modest monthly sum, this income has proved vital to helping retirees make ends meet.
Since 2002, Gallup has been conducting annual surveys to decipher how important the income retirees receive from Social Security is. Over this 23-year stretch, between 80% and 90% of respondents have consistently noted their monthly benefit is needed, to some degree, to cover their expenses.
Protecting and strengthening Social Security should be a priority for our elected officials. However, reports suggest Social Security's financial foundation has been weakening for decades.
