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re: Ben Shapiro's plan for fixing SS is for everyone to work until they die
Posted on 3/26/24 at 8:34 pm to RobbBobb
Posted on 3/26/24 at 8:34 pm to RobbBobb
quote:
* SS is actually more sound today than ever
quote:
As in last year's report, the DI Trust Fund is projected to be able to pay full benefits through the end of the 75-year projection period (2097 in this year's report).
Wrong. There are two different trust funds in Social Security. The OASI is the one we need to worry about.
"There are two separate Social Security trust funds, the Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement and survivors benefits, and the Disability Insurance (DI) Trust Fund pays disability benefits."
This post was edited on 3/26/24 at 8:50 pm
1
Posted on 3/26/24 at 9:15 pm to frogtown
quote:
the Old-Age and Survivors Insurance (OASI)
This fund is fully funded for the next decade. Then after that its just guesses. Because over the next decade their will be millions of jobs created. Adding to the trust fund
During this time the last of the baby boomers will retire (75M), meaning there will be less stress on the retirement system because succeeding US citizen generations arent as large by percentage: Gen X (66M), Millennials (72M), Gen Z (70M). And several million of these generations wont qualify for retirement because of their citizenship status. You cant qualify for what you havent paid into
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