Myths and Misperceptions

Unfortunately, much of what we "know" abour Social Security, and much of what we are being told about it, just isn't so. This section is intended to highlight (and, hopefully, correct) some of those myths and misperceptions.

Social Security is "going broke"

Social security is now facing a $10.4 trillion "crisis"

Privatization is part of the solution

Transition costs are an "investment," not an expense

Social Security is a savings program