What Happens If Social Security Runs Out in 2035?
Description
What happens when the country’s most important retirement program runs out of money? Social Security faces a funding crisis by 2035. We unpack how the system works, why it’s in trouble, and what fixes could keep it afloat.
Kyle Hulehan and Erica York are joined by Alex Durante, Senior Economist at the Tax Foundation. Together, they break down the trade-offs behind today’s biggest Social Security reform ideas.
Links:
https://taxfoundation.org/blog/how-the-payroll-tax-base-has-changed-over-time/
https://taxfoundation.org/research/all/federal/social-security-reform-options/
https://taxfoundation.org/blog/medicare-social-security-tax-spending-deficits/
https://taxfoundation.org/research/all/federal/us-debt-budget-taxes-spending-social-security-medicare/
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