Wall Street executives want to convince people in their 20's that Social Security will not be there when they retire. It's a lot easier to take something away from people if they don't think they are going to get it anyway. Others on the National Commission on Fiscal Responsibility and Reform are considering raising the retirement age as a way to deal with the nation's fiscal deficit. They hope you, your children and your grandchildren won't fight their efforts, but they are not telling you that it will drastically cut benefits.
Don't fall for it.
Source: Alliance for Retired Americans