Social Security's spending has exceeded its revenue since 2021, because the number of beneficiaries is growing faster than the pool of younger workers who pay into the program. If the US Congress doesn’t act to make changes, the trust fund covering the funding gap is estimated to run out by 2034.
August 2025
https://www.investopedia.com/how-to-help-social-security-survive-11791212
Posted by Choobeen
3 Comments
Most retirees get more money from SS than they put in. That means it’s a net deficit program that relies on more and more working age taxpayers to make up the difference. Long term, it’s not sustainable. It’s math. No gimmick or raising taxes is going to fix the problem. We need an out of the box idea that fundamentally changes SS for the better. For example, disallowing the gov from spending any SS tax collected but instead invest that money in order to grow the pot or allowing people to opt out of SS but instead invest the tax money into equity (basically a 401k for SS). Putting lipstick on a pig isn’t going to change the pig into a princess.
Tax the rich. Tax income from all sources and tax loans against capital, then you can lower the SS tax for 9/10 people and increase payouts with a surplus.
by 2034 we’ll be lucky if they let us retire to the parking lot behind walmart