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>The government will fund social security for as long as it exists in this current form, at 100% of expected pay out. You are entitled to this belief, but I'd
by anonym29 2y ago
>The government will fund social security for as long as it exists in this current form, at 100% of expected pay out.
You are entitled to this belief, but I'd be remiss to not remind you that the Social Security Administration itself explicitly disagrees with your hypothesis, here:
"The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until 2033, unchanged from last year's report. At that time, the fund's reserves will become depleted and continuing program income will be sufficient to pay 79 percent of scheduled benefits."
Source: Same link as the one in my original post, https://www.ssa.gov/oact/trsum/ https://www.ssa.gov/oact/trsum/
- buttercraft 2y agoAlso from that link: > Lawmakers have many options for changes that would reduce or eliminate the long-term financing shortfalls. Taking action sooner rather than later will allow consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare.
- lazide 2y agoNarrator: they did not resolve it sooner.