DiscoverUS News Today | 2 Min News | The Daily News Now!AI Threatens Social Security: Payroll Taxes at Risk
AI Threatens Social Security: Payroll Taxes at Risk

AI Threatens Social Security: Payroll Taxes at Risk

Update: 2025-12-26
Share

Description

Artificial Intelligences Impact on Social Security: A Looming Crisis?Artificial intelligence is transforming jobs across the economy, and economists warn it could severely impact Social Security. The program relies heavily on payroll taxes from workers, but if AI displaces even a modest number of jobs, revenue could plummet, pushing the trust funds depletion date ahead to the early twenty thirties.Reports suggest up to thirty percent of U.S. work hours could be automated by 2030, which could cut tax collections below current forecasts. While productivity gains from AI might nudge up some wages, they may not provide significant relief.Demographics already strain the system, with depletion eyed for the early twenty thirties without changes. History shows tech shifts often destroy old jobs but create new ones, though the timing remains unclear. As AI delves deeper into industries, attorneys and planners urge close watch on the payroll tax base. Policymakers must weigh these risks in debates over taxes and funding to ensure benefits remain secure for the long haul.

The Daily News Now! - Every city. Every story. AI Powered.


Hosted on Acast. See acast.com/privacy for more information.

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

AI Threatens Social Security: Payroll Taxes at Risk

AI Threatens Social Security: Payroll Taxes at Risk