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Social Security counts on there being a larger workforce every year. If there's ever a significant population crunch of working age people, it would be in trou
by bena 10mo ago
Social Security counts on there being a larger workforce every year.
If there's ever a significant population crunch of working age people, it would be in trouble. In 2018, the cost of the Social Security program exceeded total revenues for the first time.
At current rates, Social Security is projected to be insolvent by 2034.
The only ways to mitigate this is to spend less or make more. But no one wants to pay more and no one wants to give up anything.
- bluGill 10mo agoThat early-mid 2030s prediction has been consistent all my life. It has gone up a little as rules changed but nobody was ever willing for the big reforms that could make it work long term.