`Money Sense`: With so many proposals to fix Social Security, it`s important to pay attention ...
(WorldNews Business)

SOCIAL SECURITY has been around for a while - the first recipient, Ida May Fuller, received her check in 1940. The program provides a basic income level, which is just one leg of what is a three-legged stool of benefits. The other two legs were pensions and savings. Pensions have been disappearing and savings are nonexistent for many. Consequently, Social Security has become the main source of income for countless older Americans. It is a source that lasts a lifetime and grows with inflation, too. In fact, about 62 million people rely on some type of benefit, be it retirement, disability or a survivor benefit. Social Security was conceived of as a pay-as-you-go system....