Social Security will run out of money in 2035: Report
FBN's Edward Lawrence on a new report on when Social Security and Medicare will run out of money.
Social Security’s reserve funds are expected to be depleted in 2035, at which time the program will no longer be able to pay out benefits in full.
That’s according to the annual Social Security and Medicare trustees report released on Monday, which said total costs of the program, which covers the old age and disability insurance programs, will exceed income in 2020 – for the first time since 1982. That’s two years later than projected last year, but means the program will have to dip into its reserves to cover benefits at that time.
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https://www.foxbusiness.com/personal-finance/social-security-trust-fund-to-run-dry
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14 comments:
Why do the socialist Democrat give away so much free stuff if this is the case?
Well at least it will last all the way till the end of the world, huh AOC?
If social security goes belly up that means the country has gone under. So glad I took an early out and started getting my benefits before their gone, LMFAO!! IT WILL NEVER HAPPEN
12:23 Dumb comment . Social Security is socialism, idiot.
We live in a socialistic society already Go back to the socialism to bail out the wall streeters and banks. You and i paid for that. That IS socialism so don't get too bothered with the hype, we are already there
We should be allowed to opt out and invest the money in what we choose.
Agree 1:55 !!! Hells Bells We EARNED IT !!
Totally agree!
EASY FIX = Tell the damn Govt to Put Back All the $$$
it Stole from it + interest & on top of that Pay back ALL
it Stole & gave away to illegals & others Who WERE NOT
intitled to ANY of it !!!!! And there will be PLENTY of $$$
In Fact , IT IS ALL, & EVERY BIT >> OUR DAMN $$$$
NOT the Govt's OR ANYONE ELSES !!!!! Period
It is not socialism if you paid into the system. Only those who collect it without paying into it. It is basically a Government savings account. Sadly those yellow tax stilling Dumbacrats have given it to those who in now way deserve it. Kinda like Hogan (Rhino) borrowing from the Maryland State Police pension program to balance budgets. It is not his fu***** money nor any other politician. Hang em all every politician and lawyer that includes the corrupt bastards in black robes. Hypocrites every one of them.
Obviously you don't know who funds social security 1:35
Employees and employers contribute to fund every pay day. You're the dumb idiot
How is Social security socialist? Basically you can consider it like a 401 or Thrift and savings. You start a job. The Government takes a part of your pay each payday. When you retire if you paid into Social Security to qualify you receive benefits based on how much you contributed. My apology to those that ready know that. Keeping it simple for the snowflakes.
What is depleting social security are false social security disability. Also President Obama and possibly other PresidentPr have put their hands the cookie jar to use social security funds for their pet projects like - giving Iran millions of dollars in cash to be our friends. Aide to countries that hate America, etc while the poor saps US citizens work every day and pay into a system that is constantly robbed by politicians. I would be happy if every dime I paid into Social Security for 38 years was returned to me. By the way snowflakes Social Security is a contract between the Government and US workers and is governed by the law. A democracy. For some people that is all the income in retirement that they have. Socialism would be taking a portion of your pay check and give it to someone else without you receiving any monies in retirement.
Tell that to Obama who is now a millionaire and you gave millions of our money to Iran and of course I believe skimmed the top. Remember to get out and vote. Put this issue on the ballot. Make the Government put the mo ey back. Stop giving it to you tries that hate Americans
Leadership starts at the top. What will Trump do other then propose cuts
1:55 and 4:41. If allowed to opt out, there is a large number of people who would not invest in the market. This forced savings account is a life line for many people because they live for today and not worry about tomorrow.
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