Given how big and far-reaching the program is, it’s understandable there are some Social Security myths out there.

Many Americans believe these misconceptions. The ideas can spread fast, even if they’re partially or totally untrue. It’s why we here at NORA are so passionate about setting the record straight.

Today we’re going to touch on some popular half-truths or complete lies about this program that we’ve brought clarity to previously. In doing so, we hope to help the public separate Social Security facts from fiction.

3 of the Most Pervasive Social Security Myths Out There

There are many myths and misunderstandings about this program, from how to qualify to the future of the funds. The first idea we need to debunk is the idea that Social Security is broke.

The program isn’t bankrupt. While some projections say the program may become unable to pay its full obligations between 2032-2035, this doesn’t mean there won’t be anything left. It also doesn’t mean that we should stop fighting to get the fair increases we all deserve.

When we say all of us, we mean people of all income levels. Some say the wealthy shouldn’t worry about Social Security benefits. After all, do they really need them? This misconception implies it’s about need, rather than right. Remember, we’ve all paid in. This means everyone deserves to be paid back in full.

This ties into the last mistake many people make when thinking about the program. It’s common to call it welfare, a handout, or a gift. But in truth, the money belongs to U.S. taxpayers, and those entering retirement deserve every cent adjusted for inflation.

Let’s Set the Record Straight on Social Security Together

Setting the record straight isn’t just about debunking Social Security myths. It’s also about keeping the financial record in order.

We fight for fair yearly Cost-of-Living Adjustments (COLAs). Sign our petition here to support this cause, then find us on Facebook and Twitter.