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Find out more about Darrell: Darrell Proctor is a publishing industry veteran with more than 30 years' experience writing about business, technology and sports. He spent more than a decade at the St. Petersburg Times and later the Rocky Mountain News, where he authored the Mile High Tech blog and was noted for his reviews of consumer electronics and technology. Questions for Darrell? Drop him a line at techexaminer@gmail.com. |
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Most Americans agree that Social Security needs to be fixed. Current math from government experts says Social Security will pay out more than it collects starting in 2017, and the money will be gone in 2041.
But even as the economy has emerged as the top issue in the presidential race, Social Security has not often been part of the discussion.
What are the candidates' plans for the government program? This Associated Press article notes both John McCain and Barack Obama have touched on Social Security during the campaign, but they've been short on providing specifics.
It's notable that Social Security benefits will increase next year, though not enough to offset losses many retirees have sustained in the stock market meltdown.
As finance experts have been saying for years - if you're counting on Social Security to fund your retirement, good luck - and you'll likely be out of luck.