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"This year, like last year, Social Security’s trustees said the program’s two trust funds would be depleted in 2034. ... It should be stressed that the reports
by maerF0x0 8y ago
"This year, like last year, Social Security’s trustees said the program’s two trust funds would be depleted in 2034.
...
It should be stressed that the reports don’t indicate that benefits disappear in those years. After 2034, Social Security’s trustees said tax income would be sufficient to pay about three-quarters of retirees’ benefits." [1]
We can argue about how honest this is, but the claim is that it will still be there for Millennials. It seems feasible because by the time Millennials are 67, the bulge of babyboomers will be gone.
[1]: https://www.marketwatch.com/story/medicares-finances-are-getting-worse-as-social-security-taps-into-fund-for-first-time-in-36-years-2018-06-05 https://www.marketwatch.com/story/medicares-finances-are-get...