I'd have to disagree with how people assume today's social security benefits really are still effective. There are several factors that prove what worked in the past, does not match up to the function of social security today. In a video with Neil Cavuto, he raises some basic questions that challenge the effectiveness of today's social security.
For one, people are so dependable on social security benefits and use as a primary income. Retired men and women are living much longer past age sixty-five. At some point one has to wonder when what is taken out of every paycheck of working American is outweighed by social security payouts.
FDR's New Deal program provided Americans with too much dependency to bail them out. In theory, it was a good idea but today, welfare programs are outrageously used as primary means of aid. Government should not be established to take care of it's people. It surely makes one wince at the phrase "Chasing the American Dream," when modern Americans take advantage of today's handout government.