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.