Social Security: a snapshot of its finances
There are some things people take for granted. One of these is that after a lifetime of paying into Social Security, you’ll receive the promised benefits when it comes your turn to collect. But before long, this long accepted fact could become fiction. As the number of people receiving benefits balloons and the number of people paying into the program shrinks, the numbers just aren’t adding up – Social Security is projected to go broke by 2036.
Our Social Security infographic, part of our Budget Briefing Book, breaks down the sad state of the program’s finances.
BA
That money should never have been touched. Govt keeps taking from the benefits until the people can not buy food or medicine. No one can afford basics. If one added what is payed in over the years what is gotten back is highly unfair. It is criminal to steal like that. Those responsible should be in jail.
Interesting charts but I have one complaint — nit-picky, maybe, but you’re grown-ups and should write like it — about a misused phrase.
It’s “beg the question,” which you misused. To “beg the question” is an obscure expression about debating behavior. It doesn’t mean anything like “asks the question,” “poses the question” or “raises the question.”
To “beg the question” means only to make an argument during a debate which assumes the premise of the debate is already established. Obscure enough for you?
Begging the Question is one of a set known as “logical fallacies,” which subject might prove interesting.
Best wishes,
JM
PS: Wondering who I am? Just pose ten Yes/No questions about me, answer all of them “Yes” and you’ll get an A.
that’s because their is a crapload of other things coming out of the fund that have NO BUSINESS coming out. SSI, SSI Disability, all kinds of benefits for congress, the fund has been borrowed against and not paid back dozens of times through the years as well. If they would simply make it was it was supposed to be, a retirement fund and account it would be just fine.
Fine then give me back the 240 thousand my dead husband put into SSI. Forgetting the 240 or more that went into medicare.
I would rather go to India doing medical travel then have the jerks in DC telling me when to die.
I read some place if you put in 240 thousand in SSI that with your work place you put in more like 800 thousand.
Give me the 240 an I will go away.