Read it here: https://www.ssa.gov/oact/TRSUM/
Here is the most important quote from it:
The OASI and DI funds are separate entities under law. The report also presents information that combines the reserves of these two funds in order to illustrate the actuarial status of the Social Security program as a whole. The hypothetical combined OASI and DI funds would be able to pay scheduled benefits on a timely basis until 2034, one year earlier than reported last year. At that time, the combined funds' reserves will become depleted and continuing tax income will be sufficient to pay 78 percent of scheduled benefits.
What is likely to happen is that all of the benefits will continue to be paid, and the extra 22% will just increase the deficit. I don't see SS benefits being cut. They will continue to be paid 100%, at least until the whole system collapses, or more likely explodes like a supernova.
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