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This combined file contains graphics on the extent to which older Americans rely on Social Security for their income; on the share of private sector workers participating in retirement plans; on the number of Americans relying on Social Security; on the poverty rate of seniors; and on the Social Security trust fund balance.
Social Security has for decades been a crucial line of defense against poverty for millions of Americans. The program has succeeded because Congress actively amended Social Security as needed to continue ensuring its viability. Despite critics’ doomsday claims, Social Security has been a towering success. President Franklin D. Roosevelt and his Labor Secretary Frances Perkins envisioned the program as an opportunity to help Americans earn their own economic stability, and it has done so for 80 years.