President Trump signed a proclamation last week marking the 90th anniversary of the establishment of Social Security, the landmark social safety net program passed during the height of the Great Depression to provide basic financial relief to the country’s seniors.
Since then, the program has grown to include support for the disabled and for children who have lost a parent, and it is primarily responsible for lifting millions of Americans out of poverty.
However, a report released in June by the program's trustees says the Social Security trust fund is expected to run out of cash in eight years unless Congress acts before then. That means benefits for more than 60 million retirees and family members will automatically be cut by 23%.
It could be a devastating blow for the hundreds of thousands of Nevadans living on a fixed income.
Guests: Francine Lipman, professor, UNLV’s William S. Boyd School of Law; Risa Page, spokesperson, AARP Nevada
