"The projected reserve depletion date for the combined OASDI trust funds is 2034, a year earlier than in last year's report.1 Considered on its own, the OASI Trust Fund can pay full benefits until 2033, a year earlier than projected last year. As in last year's report, the DI Trust Fund is projected to be able to pay full benefits throug…
"The projected reserve depletion date for the combined OASDI trust funds is 2034, a year earlier than in last year's report.1 Considered on its own, the OASI Trust Fund can pay full benefits until 2033, a year earlier than projected last year. As in last year's report, the DI Trust Fund is projected to be able to pay full benefits through the end of the 75-year projection period (2097 in this year's report)."
However there are two SS Trust Funds, the retirement fund and a disability fund. As of today, the retirement fund outlays are supposed to peak in 2033. If it defaults, it would have to pay a reduced amount.
2033 represents when the baby boom beneficiaries reach their peak. But that is also when the number of expected beneficiaries begin to decline. After 2034, birth rates of later generations flatten and the funds can be solvent.
Social Security protects workers, widow(er)s, orphans and disabled people and is a major investment for many of us.
Please donate to create an endowment to slow down the rate. If everyone who donates to say, universities, which aren't really charities, the trust funds would be secure.
"The projected reserve depletion date for the combined OASDI trust funds is 2034, a year earlier than in last year's report.1 Considered on its own, the OASI Trust Fund can pay full benefits until 2033, a year earlier than projected last year. As in last year's report, the DI Trust Fund is projected to be able to pay full benefits through the end of the 75-year projection period (2097 in this year's report)."
However there are two SS Trust Funds, the retirement fund and a disability fund. As of today, the retirement fund outlays are supposed to peak in 2033. If it defaults, it would have to pay a reduced amount.
2033 represents when the baby boom beneficiaries reach their peak. But that is also when the number of expected beneficiaries begin to decline. After 2034, birth rates of later generations flatten and the funds can be solvent.
Social Security protects workers, widow(er)s, orphans and disabled people and is a major investment for many of us.
Please donate to create an endowment to slow down the rate. If everyone who donates to say, universities, which aren't really charities, the trust funds would be secure.
https://www.ssa.gov/agency/donations.html