Why pessimism on Social Security could come back to bite millennials

And perhaps most important, today’s young people will need Social Security every bit as much as today’s retirees and near-retirees – and probably more so if current economic trends persist. Just this past April, the report’s release set off the predictable wave of erroneous headlines and broadcast reports stating that Social Security is “running out of money,” describing its “depleted funds” and advising people on how to prepare for a future retirement without their expected benefits. In a provocative article that he co-authored recently in the American Prospect (bit.ly/2WeWJC2), Arno takes on the root causes of the cynicism so many young people have today about Social Security and argues that Social Security should be a centerpiece policy issue for anyone interested in civil rights and social justice.

Source: www.reuters.com