Search
 

Home

Instant Insights / Social Security: What's Happening? News, FAQs, Legislation and More

Stay up to date while navigating the crucial yet complicated world of Social Security.

Analysis

Social Security's about to pay out more than it takes in -- for the first time in decades

Trustees Report urges immediate attention from lawmakers as main Social Security trust fund to run dry in 2034.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Social Security cards Imbalance to continue until the SSA’s Old-Age and Survivors Insurance fund is depleted in 2034, at which time scheduled benefits to retirees would be cut 23 percent. (Photo: Shutterstock)

Social Security is about to pay out more money than it earns for the first time in decades, according to the 2019 OASDI Trustees Report, released today.

By 2020, obligations to retirees and disabled Americans will cost more than Social Security’s revenue from payroll taxes, taxes on benefits, and interest earned on investments.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

More from this author

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.