JoeEconomist
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If you are interested in reform, you can find our site at www.FixSSNow.Org or find us "Fix Social Security Now" on FB.
I don't know whether you are tracking this article.
Legally you are required. Social Security is a tax according to the Supreme Court technically no different from your income tax.
Today we are paying benefits to people who may have started work in 1940. At that time, and into the mid-70s, people didn't pay the full cost of benefits. Congress was giving away benefits at nearly 1/10th the actual cost - it was effective in getting reelected.
What Social Security will tell you is that you will get a return, and for some that will be a very good return (provided that it is paid). For most of us, it is a negative return though.
Social Security will be around to the extent that there is public support for it. The demographics of support are changing. 2012 was the first year in which a majority of voting aged Americans expect to retire after the Trust Fund is going. The Trust Fund is the cushion with which the system pays full benefits.