The first of about eighty million baby boomers applied for social security yesterday... so begins the drain on the security and Medicare.  With the amount of baby boomers, Social Security will be in the red (giving out more then taking in taxes) by 2017 and be empty by 2040 and Medicare will be depeleted in 2018 [1].

Without reform the system not be around to support our generation as we head for retirement.  Which calls for us as students to become better educated and understand our current and future finances. And shows the importance to start preparing for our retirements early.  Regardless if it's placing some of our monthly income into a 401k, working with a broker/bank to set up an IRA, or learning to invest in other funds and stocks.  It is either that or rely on a broken system to support us and find out later we have to continue working in our 80's instead of enjoying suffleboard and 4 o'clock dinners.