Claim Our Future

Social Security is failing. The government takes 1/8th of our wages for a program we don’t need and benefits we don’t expect.

“[Social Security] will give some measure of protection against poverty-ridden old age.”

-Franklin Delano Roosevelt

TAKE ACTION

SOCIAL SECURITY: FIX IT!

Social Security is going bankrupt and will bankrupt the country along with it.

The federal government will spend over $900 billion on Social Security this year – more than the military, education, housing, food, transportation, energy, and the environment combined – making it the single largest federal program. And the annual cost of the program is increasing drastically.

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SOCIAL SECURITY IS

OUTDATED

When Social Security was created in 1935, America was a much different place. Our country has changed drastically, and the workforce has changed along with it. Social Security, however, is still applying 80-year-old economic assumptions, making it a program unfit for the 21st century.

MORE WOMEN IN THE WORKFORCE

WOMEN IN THE WORKFORCE: 1935

MILLENNIAL WOMEN IN THE WORKFORCE: 2016

When Social Security was created, 24 percent of women were in the workforce. Today, 73 percent of Millennial women are in the workforce, compared to 69 percent of men.

FEWER PEOPLE WORK ON FARMS

SIZE OF AGRICULTURE SECTOR: 1935

SIZE OF AGRICULTURE SECTOR: 2016

PEOPLE ARE LIVING LONGER

RETIREMENT AGE

65
YEARS OLD

LIFE EXPECTANCY

64
YEARS OLD

RETIREMENT AGE VS. LIFE EXPECTANCY: 1935

RETIREMENT AGE

67
YEARS OLD

LIFE EXPECTANCY

79
YEARS OLD

RETIREMENT AGE VS. LIFE EXPECTANCY: 2016

MILLENNIALS HAVE THEIR FINANCIAL FREEDOM IN THE PALMS OF THEIR HANDS

Millennials

71%

Other

47%

71 percent of Millennials use mobile apps to manage their retirement savings, compared to just 47 percent of older generations.

DOES RAISING TAXES

FIX THE PROBLEM?

1937

1937

FICA TAX RATE: 2%

1950

1950

FICA TAX RATE: 3%

1954

1954

FICA TAX RATE: 4%

1959

1959

FICA TAX RATE: 5%

1960

1960

FICA TAX RATE: 6%

1962

1962

FICA TAX RATE: 6.2%

1963

1963

FICA TAX RATE: 7.25%

1966

1966

FICA TAX RATE: 7.7%

1969

1969

FICA TAX RATE: 8.4%

1971

1971

FICA TAX RATE: 9.2%

1973

1973

FICA TAX RATE: 9.7%

1974

1974

FICA TAX RATE: 9.9%

1978

1978

FICA TAX RATE: 10.1%

1979

1979

FICA TAX RATE: 10.16%

1981

1981

FICA TAX RATE: 10.7%

1982

1982

FICA TAX RATE: 10.8%

1984

1984

FICA TAX RATE: 11.4%

1988

1988

FICA TAX RATE: 12.12%

1990

1990

FICA TAX RATE: 12.4%

The FICA Tax Rate has been increased 20 times and Social Security is still on the path towards insolvency.