The Social Security program is in dire straits. “The retirement and disability program has been running a cash-flow deficit since 2010. Its trust fund, which holds US$2.7 trillion, is rapidly diminishing…[and] project that the trust fund will be completely drained by 2033.”
The also article describes how the program is currently funded, as well as necessary reforms for a more sustainable future. “The program should be self-funded… shared across generations…adequate for lower income retirees…and should help constrain the future growth of federal spending.”
Read the full article at The Conversation.