Social Security’s challenging financial future

BUFFALO, N.Y (WIVB) - Social Security turned 81-years old this year.
It’s a depression-era social insurance program, established in 1935, designed to protect the financial security of Americans in their old age.
The horrific effects from the Great Depression saw millions of Americans lose their jobs and savings.
Initially, the program was intended to provide temporary “relief” until more Americans were able to secure retirement income.
Social Security is a pay-as-you-go program