Social Security faces a critical financial challenge that requires immediate attention. Ensuring sufficient revenue to cover current benefits is paramount. Additionally, replenishing the reserve is essential to maintain the trust’s stability. Interest on reserve bonds plays a vital role in generating this revenue.
Category: Social Security
How it works, the issues for today and tomorrow.
Social Security, your wages and FICA
Social Security benefits are determined by your 35 years of earnings, not by the taxes you paid. These benefits are paid for life and may extend to a survivor. The SSA calculates your benefits using your highest 35-year earnings and adjusts them for wage growth. Millions of people receive SS benefits as dependents or spouses, and the system includes provisions for divorced spouses and children.
Redeeming Social Security Trust bonds-nobody stole nothin😱
The reserves of the OASDI program (which are held in special issue US Treasuries) declined from $2,721 billion at the beginning of 2025 to $2,561
Did you know this about the Social Security trustees? Politics at work🥵
Since 1983, the Social Security Trustees have consisted of six members, with two public trustees appointed by the President and confirmed by the Senate. However, these positions have been vacant since 2015, raising concerns about the independence and bipartisan perspective on Social Security’s financial status.
