Is Social Security Going Broke?
No. According to the actuaries at the Social Security Administration, the bottom line is that Social Security (SS) is financially as sound as the U.S. government. (1) The surplus in the SS trust fund today stands at $2.4 trillion and is entirely invested in Treasury bonds which earn interest. The trust fund will peak in 2027 at nearly $6 trillion and there will be sufficient money in SS to pay 100 percent of benefits until 2041. A few small changes now could extend the trust fund until 2083. The Treasury bonds are backed by the full faith of the US government and SS would only go broke if the U.S. government went bankrupt. Why Do Many Believe Social Security Is Going Broke? It is because many politicians and financial advisers are telling them so. The claim that SS was going broke was part of the PR created to try to justify privatizing SS. Privatization would have been a boon to the financial services industry and money poured in for promotion and campaign donations. Privatization eve
