Share “Can you rely on Social Security?”


Deseret Digital Media NewsOK publishes content from Deseret Digital Media, which has a network of websites that includes KSL.com, DeseretNews.com and FamilyShare.com.

Can you rely on Social Security?

Some fear that when their time comes, Social Security won't be around to ease their retirement.
JJ Feinauer, Deseret News Modified: May 30, 2014 at 12:35 pm •  Published: June 2, 2014
Advertisement

Social Security is too popular to ever be allowed to go away, at least that's what CBS News' Steve Vernon thinks.

"Social Security will be around as long as democracy reigns," Vernon wrote Thursday. "As long as workers are paying FICA taxes, there will be money to pay for Social Security benefits for retirees and their beneficiaries."

Vernon is right about at least one thing: Social Security is very, very popular. According to Gallup, 82 percent of Americans plan on relying on Social Security as either a major or minor source of income. The Pew Research Center also found in a 2013 study that 41 percent of Americans think the government should increase spending on Social Security, with 46 percent saying the U.S. should maintain current spending. Only 10 percent said they believe cuts to the program are necessary.

Continue reading this story on the...