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re: Social Security could end in 2035
Posted on 5/7/24 at 8:04 pm to frogtown
Posted on 5/7/24 at 8:04 pm to frogtown
quote:SS includes the TF. It is currently $2T in surplus. If things remain unaddressed, the first SS deficits will occur next decade.
SS is running a deficit right now. The trust fund will be depleted in 2035.
1
Posted on 5/7/24 at 9:10 pm to NC_Tigah
quote:
SS includes the TF. It is currently $2T in surplus. If things remain unaddressed, the first SS deficits will occur next decade.
It has $2T in reserves.
"Following the bipartisan Social Security financing deal in 1983, Social Security ran a surplus every year until 2021. Starting in 2021, Social Security’s total cost exceeded its total income. However, the trust funds’ reserves supplement the program’s income —"
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