[OC] US Social Security Fund HistorySubmitted by PM_Ur_Illiac_Furrows t3_11q7ed4 in dataisbeautiful
tabrisangel t1_jc3jcmc wrote
Reply to comment by psychorameses in [OC] US Social Security Fund History by PM_Ur_Illiac_Furrows
Yes it has a depletion date in 2034.
Anyone here claiming social security is fine have truely zero idea what they are talking about. The numbers of today are very much not the numbers of 2035. It's one of those things where the graph doesn't look so bad until you forecast 10 years out.
It would take HUGE large changes today to add a few years to the depletion date.
breaditbans t1_jc57dmq wrote
Ten years ago the depletion date was 2025. I’ve tried to find the ever changing insolvency date. It moves back by a few years every few years. Nobody explains why or how.
Changes would have to be made to maintain benefits as they are currently described. But if no change to the law is made, benefits would decrease by ~20-25% compared to what was promised.
tabrisangel t1_jc8sitg wrote
That's just a lie and minimizing the problem.
Nowhere was it ever 2025 you'll need to link something serious.
It STARTS at 75% the first year, then goes lower and lower. It's not as if it will just stay at that figure when you forecast out to 2050 for example.
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