Why is Social Security running out of reserves.
Here is their websites answer.
Social Security is running out of reserves primarily due to significant demographic changes impacting the worker-to-beneficiary ratio. The baby boomer generation is increasing the number of retirees and living longer, which means they are collecting benefits for extended periods. Meanwhile, lower birth rates in subsequent generations have resulted in fewer workers contributing to the system, further affecting the worker-to-beneficiary ratio.
At the end of 2024, the Social Security trust funds held $2.72 trillion in reserves. However, benefit payments are increasingly surpassing income due to demographic trends. If no changes are made, the system is projected to deplete its reserve assets by 2034. After that, Social Security will only be able to pay approximately 81% of scheduled benefits from ongoing payroll tax revenue.
Wrong answer‼️
These facts were known for many years. The trustees in their annual report made this clear and urged, even pleaded, with Congress to take action sooner than later to avoid harming Americans. For years Congress ignored the warnings and still is.
That is why Social Security is running out of reserves.
Social Security funding should automatically be adjusted every 2-3 years to assure it remains solvent and sustainable.
QUINNSCOMMENTARY 
Both wrong.
Trust funds will soon be exhausted because Congress prefers to buy votes by improving benefits far in excess of its willingness to increase taxes on current workers – sending the bill to wage earners too young to vote and generations unborn.
Fact of the matter is that, as a generation, Baby Boomers contributed amounts far in excess of their liabilities, where, had Congress properly invested those monies, there would not be any issue about running out of money.
Instead, Congress took those monies and spent them on improved benefits for the Greatest Generation and the Silents – accelerated by mistakes made by the idiot President Carter.
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I don’t care if the reserves run out. The important point is enough comes in to pay the current outgo. If enough members of congress can get it together to do that, the program will run just fine. Either every few years as you suggest or an annual appropriation.
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must raise the cap on special security. Like Medicare was by Obama.
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Raising the cap does not make SS solvent.
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The last thing you want is an appropriation from Congress. The taxes must be adjusted regularly to balance revenue with projected spending. Minor regular changes won’t be noticed. It would be so easy if it started 15 years ago.
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