For Social Security Beneficiaries, This Is the Most Important Time of the Year

There have been 14 recessions in the United States since 1935. This means our nation’s most important social program, Social Security, has survived some of the darkest days in U.S. history. And despite the rampant uncertainty associated with the coronavirus disease 2019 (COVID-19) pandemic, it’ll survive this recession, too.

Today, Social Security is responsible for paying benefits to nearly 64.7 million people, many of which are retired workers (45.7 million). Of these seniors, more than 15 million are singlehandedly pulled out of poverty each year because of their guaranteed payout from the Social Security program. […]

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