The federal budget deficit commission is floating the idea to raise the retirement age of Social Security, meaning we could work until age 70. In these tough economic times, it is unconscionable to propose cuts to the critical economic lifelines for working people. According to the National Academy of Social Insurance, Social Security provides:
* A typical retiree with the equivalent of a savings account of $225,000.
* A young worker and her or his family with a $414,000 disability insurance policy.
* The family of a young worker with a life insurance policy worth $433,000.
* What Is Social Security?
* Download facts and figures about the current state of Social Security.
* Read the National Academy of Social Insurance report, "Social Security: An Essential Asset and Insurance Protection for All" (2008).
