Submitted by PM_Ur_Illiac_Furrows t3_11q7ed4 in dataisbeautiful
Scary_Princess t1_jc3enw9 wrote
Reply to comment by bostwickenator in [OC] US Social Security Fund History by PM_Ur_Illiac_Furrows
Exactly that cost curve is going to continue going up and the income isn’t going to trend the same way. Currently the fund is collecting 95% of what it needs to pay annually. If we run a 5% deficit against the trust, the trust will be emptied in 20 years. Because the of the difference between incoming money and outgoing benefits the trust is expected to be exhausted by 2033-2035.
It can be solved at anytime, but solutions today will be far less painful than solutions in 2032
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