Kirk O'Donnell's metaphor of Social Security as 'The Third Rail of Politics' highlights the program's critical nature and the political risks of any reform. Despite the changes in political climate, Social Security remains a priority for voters, especially retirees. Many couples are unaware of potential additional income through spousal benefits, and the responsibility to inform them often falls short. As projections indicate potential insolvency by 2035, retirees need to be proactive in understanding their benefits and maximizing their retirement income, highlighting the importance of education and guidance.
In 1982, Kirk O'Donnell metaphorically labeled Social Security as 'The Third Rail of Politics', symbolizing its crucial importance and the political risks involved in altering it.
Economists estimate that without major reforms, Social Security may face insolvency by 2035, increasing pressure on retirees to maximize their entitled benefits.
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