The crunch comes just as millions of baby boomers reach retirement age.
But, Bob Weiner, former Chief of Staff for the House Committee on Aging, says there's no cause for alarm on Social Security because the baby boomers had the fewest babies themselves in our history.
"You have the lowest birthrate by the baby boomers, 2.1. You have a 2.9 birthrate for the, for the current baby-boomers. But they're having the fewest children. So as soon as you get past the little blip, the system goes back into complete solvency. And that's a point that no one takes into account," explained Weiner.
Medicare is another story. Weiner adds that the government health care program for seniors is projected to run out of money in 2017.
You know the kids are excited about the return of their favorite LEGOLAND Water Park attractions. But, they'll be even more thrilled to learn there are some brand new elements, too.
If you don't want to bake in the sun, you can still splash in the waves. Great Wolf Lodge, California’s first and only indoor water park resort, is a "must do" when it comes to your family vacation.
Dixie, a 12-year-old Boxer mix, is looking for her new best friend. Dixie is a special girl who will add infinite amounts of love to her new home! She is a kind, gentle soul who is eager to make friends with everyone she meets.
It's been called one of the country's most beloved musicals. It's praised as a family-friendly show and it's now in Escondido.
Mother's Day has come and gone, but there's one group still celebrating mom. "Fit4Mom" has declared May "The Month of Mama" and it's offering free workouts and huge prizes.
Whether you love Jimmy Buffett classics or want to experience some new songs, Margaritaville is calling your name. The La Jolla Playhouse is the world-premiere for the new musical, which is creating quite the buzz among critics.
A local school has received a lot of attention for turning around its troubled past, but at what cost? CBS News 8 and inewsource goes behind school doors to talk to teachers and students who say pressure tactics and cutting corners has left them feeling cheated. Is this school faking the grade?
They may be a long way from Jersey, but the cast of Jersey Boys is still finding some great Italian food.