[New York Times] No topic is more important than Social Security to the well-being of today’s older voters — and younger workers who will come to rely on the program. Nearly all Americans pay into the program and can expect to receive a benefit. It is the largest retirement income source for a majority of older households.
Just 52 percent of households owned retirement accounts in 2016, according to Federal Reserve data. And at a time when fewer retirees can rely on traditional pensions, Social Security will be the only source of guaranteed lifetime income for most workers. Benefits are adjusted annually for inflation — a unique feature that adds substantially to Social Security’s value.
Read more: New York Times »