Thursday, July 20, 2017

The Demographic Earthquake Emerges

Starting in 2022, Social Security will pay out more than it takes in

According to the Social Security Board of Trustees, the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be depleted in 2034. When this happens, only 77 percent of benefits will be payable. That estimate is no change from last year’s estimate. In addition, the Disability Insurance trust fund will be depleted in 2028,…