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Reacting to today’s release of the Trustees’ report on the fate and future of Social Security, Dale Brown, president and CEO of the Financial Services Institute, had the following observations:

“Many years ago, this nation made a promise to its seniors – a promise that must be honored, not only for this generation, but for all who follow. Unfortunately, again today, we got a cold dose of reality into what it will take to keep our promise. While FSI understands and appreciates the critical benefits of Social Security, we also understand those benefits will undoubtedly diminish over time. Therefore, Americans must plan for retirement accordingly.

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