Social Security was designed in the 1930s for a working dad and stay-at-home mom. The program remains as crucial as ever, and some simple updates could help modernize it. Ensuring Social Security benefits can be paid in the future should be the most important item on any retirement-income agenda, because the program serves as the backbone of the retirement system. Social Security currently faces a long-term deficit, which could be closed equitably with additional revenue by some combination of increasing the payroll-tax rate...

Source: Wall Street Journal December 17, 2018 03:10 UTC