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A Legacy of Security
Since 1935, Social Security has helped older Americans live and retire with dignity, supported people with disabilities, and provided vital income to families after the loss of a loved one. It’s a promise earned through a lifetime of hard work—and it has stood the test of time, weathering economic downturns, political shifts, and demographic change. In its 90 years of existence, a payment has never been missed.
Today, more than 67 million Americans receive Social Security,1.5 million in Tennessee. For many, it’s the bedrock of their retirement. And as we approach this milestone anniversary, one thing is clear: we must continue to protect and strengthen Social Security.
Join Us: 90 Years, One Mission
On August 14, AARP Tennessee will host special events to celebrate Social Security’s 90th anniversary. Join us for a free lunch and treats to celebrate Social Security!
Celebrate with us in Knoxville – RSVP Now
Celebrate with us in Memphis – RSVP Now
Celebrate with us in Franklin – RSVP Now
But this isn’t just a celebration. Social Security is your money—you earned it. AARP is committed to protecting it, and pushing back against misinformation that puts it at risk. As we mark 90 years of Social Security, let’s clear up some of the most common misconceptions. Here are 5 myths you should know:
Myth #1: Social Security is going broke.
Fact: Social Security will not run out of money, as long as workers and employers continue to pay payroll taxes. It’s a pay-as-you-go system: Revenue coming in from payroll taxes largely covers the payments going out.
Myth #2:
The government raids Social Security to pay for other programs.
Fact: Social Security is primarily funded with workers’ and employers’ payroll taxes and has never been part of the federal government’s general fund.
Myth #3: Members of Congress don’t pay into Social Security.
Fact: Actually, they do. A common complaint about Social Security is that members of Congress don’t bother fixing it because it doesn’t cover them. Congress have been part of Social Security since 1984.
Myth #4: You get more Social Security benefits if you collect early.
Fact: Your annual payments will be larger the longer you wait to start collecting your benefits.
Myth #5: You lose a portion of your benefits permanently if you take benefits and keep working.
Fact: That’s not true. Social Security does have a rule, called the “earnings limit” or “earnings test,” that can temporarily reduce your payments if you are still working. But it doesn’t apply to all working beneficiaries, and it is not permanent.
Learn more facts, news and get your questions answered about Social Security: www.aarp.org/SocialSecurity
Sign the petition to protect Social Security: www.aarp.org/WeEarnedIt
About AARP Tennessee
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