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I don't think what Social Security brings in pays for what Social Security pays out.
by chung8123 3y ago
I don't think what Social Security brings in pays for what Social Security pays out.
- 0xcde4c3db 3y agoI'm under the impression that it's sort of the opposite; it's been too good at bringing in money. The exact number depends on year and methodology, but a significant chunk of the national debt is money owed to the Social Security fund because politicians kept borrowing its surpluses to spend on other stuff.
- Clubber 3y agoIt's run a surplus from 1983 up until 2021. 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. https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0 https://www.cbpp.org/research/social-security/understanding-...
- maxerickson 3y agoThere's a modest deficit: https://www.ssa.gov/policy/trust-funds-summary.html https://www.ssa.gov/policy/trust-funds-summary.html Around 2% this year, a bit more last year.