Social Security isn’t just about retirement; it’s a safety net providing disability, survivor, and even family benefits. Unlike the stock market, it’s guaranteed, risk-free, and independent of individual actions over decades.
Tag: Social Security
How it works, the issues for today and tomorrow.
Retirement in America is not a pretty picture…and not getting better.
The shift in retirement responsibility from employers to individuals is a pressing issue. With long-term planning lacking, society faces economic challenges as we age. We must encourage better financial habits to secure our future.
If you want the truth about Social Security, read on…
The Social Security trust fund, invested in U.S. Treasury bonds, is key to funding the system, yet depletion risks by the mid-2030s due to an aging population and fewer workers supporting retirees raise concerns. While payroll taxes will sustain benefits, automatic cuts could occur without changes.
The high cost of ignorance
The Social Security program faces challenges as its trust funds rely on redeeming Treasury bonds to meet payouts exceeding payroll tax income. This practice started in 2021, with $69.1 billion in interest earned from U.S. Treasury bonds in 2024.
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