1、 https:/crsreports.congress.gov Updated September 3, 2021Social Securitys Funding ShortfallOverview Social Security provides monthly cash benefits to retired or disabled workers, their family members, and family members of deceased workers. Many people of all ages have some connection to the program
2、, including an estimated 176 million covered workers and approximately 65 million beneficiaries in 2021. The programs income and outgo are accounted for with the Social Security trust funds. They represent funds dedicated to pay current and future Social Security benefits. In 2020, the program had t
3、otal income of $1,118 billion (93.2% from dedicated tax revenues), total expenditures of $1,107 billion (99.0% for benefit payments), and trust fund reserves of $2.9 trillion (U.S. Treasury securities) available for future program spending. Under the 2021 intermediate assumptions, the Social Securit
4、y Board of Trustees project, with these asset reserves, the trust funds to remain “solvent” until 2034 (the 2021 intermediate assumptions reflect the trustees understanding of Social Security at the start of 2021. That is, until 2034, the trust funds are projected to be able to pay full benefits sch
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