Understanding Social Security: Is Social Security a retirement safety net, or a ticking fiscal time bomb?

For millions of Americans, Social Security benefits are a crucial source of income during retirement. But with the program facing long-term financial challenges, many people are asking: is Social Security a retirement safety net or a fiscal time bomb?

The answer, as with most things in life, is not simple. Social Security was designed to be a safety net, providing a basic level of income to retirees, disabled individuals, and survivors of deceased workers. However, the program’s funding structure has come under increasing…