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GOBankingRates
GOBankingRates
Andrew Lisa

SHOCKING: What might social security look like in 2050 - What They Never Told You

zimmytws / Getty Images/iStockphoto

Social Security is the most expensive program in America’s budget. According to the Peter G. Peterson Foundation, it accounts for one-fifth of federal spending.

With daunting words like “privatization” and “insolvency” now part of the national debate on this perennially hot-button issue, millions of retirees, future retirees, disabled people, spouses, survivors and employees are paying into a system that they fear might not be there for them when it’s their time to collect.

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