The future of Social Security remains uncertain, leaving people with Social Security asking questions like “Will Social Security run out?” According to the 2017 annual report of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund, Social Security’s income is expected to exceed its expenses only until 2021. The report projects that reserves will be fully depleted by 2034. Projected annual taxes are expected to cover only about three-quarters of the benefits each year after that.
Stay tuned to discover more unsettling things about Social Security — and just what the future might hold.
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