Social Security Is in Crisis, and There Are No Easy Fixes

Social Security has been paying out more in benefits than the contributions to fund it for almost 30 years. That’s been very good for people who have drawn benefits from the system up until now. But the fund is running out of money, and future generations may have to make up the shortfall. Ric Edelman discusses how we got to this point with Sylvester Schieber, the former chairman of the Social Security Advisory Board.