The idea that there won't be any money left is a common misperception, but it's pretty inaccurate. Since it's a pay-as-you-go system, it can't run out of money

The idea that there won't be any money left is a common misperception, but it's pretty inaccurate. Since it's a pay-as-you-go system, it can't run out of money like a bank account. Instead, it will simply be taking in less than it should be paying out. The current best estimates are that Social Security will be paying out around 75% of what it should be paying out by the time that people in their 20's now retire. That's still a massive, gigantic problem, but it's a world different from there simply being no payout at all. http://www.getrichslowly.org/blog/2010/09/01/yes-you-will-get-social-security/ http://www.getrichslowly.org/blog/2010/09/01/yes-you-will-ge...