09/24/2021
The Social Security trustees project that due to the economic downturn the Social Security trust fund will be depleted in 2033. This is one year earlier than the previous estimates. Once the fund is depleted, Social Security benefits will be reduced unless Congress acts. Social Security retirement benefits are financed primarily through dedicated payroll taxes paid by workers and their employers, with employees and employers splitting the tax equally....
The Social Security trustees project that due to the economic downturn the Social Security trust fund will be