I wonder how many workers read this statement and take it seriously?
Social Security benefits are not intended to be your only source of income when you retire. On average, Social Security will replace about 40 percent of your annual pre-retirement earnings. You will need other savings, investments, pensions, or retirement accounts to live comfortably when you retire.Source: Annual statement sent to workers.
The explanation of the state of the Social Security trusts has been removed from the annual statement and replaced with this link.
When you click on the link, you get this explanation.
But that explanation is misleading. There is no combined trust fund(s), that is hypothetical. The old age survivor trust is what matters to most Americans. And the graph implying the trust balance is growing is also misleading. Congress has not taken action to fix the old age trust in nearly 30 years.