Viewing a single comment thread. View all comments

Scary_Princess t1_jc3enw9 wrote

Exactly that cost curve is going to continue going up and the income isn’t going to trend the same way. Currently the fund is collecting 95% of what it needs to pay annually. If we run a 5% deficit against the trust, the trust will be emptied in 20 years. Because the of the difference between incoming money and outgoing benefits the trust is expected to be exhausted by 2033-2035.

It can be solved at anytime, but solutions today will be far less painful than solutions in 2032

5