According to the Social Security Administration, Social Security accounts for 42 percent of the total income of aged households. In 1994, 66 percent of aged households relied on Social Security as a major source of income (providing at least 50 percent of total income) and it was the only source of income for 16 percent of aged households. Presently, of 91 percent over aged households receive some Social Security benefits (up from 69 percent in 1962) and income from government and private pensions is up from 18 percent to 44 percent. Income from earnings is down from 36 percent in 1962 to 21 percent in 1994.

It is clear to see that Americans value Social Security. It is even more evident that most Americans rely upon Social Security to supplement their retirement income. The fact that many younger Americans question the future of the Social Security Policy presents opportunities and challenges. In fact, the 1994 trustee report on the Social Security

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