Will Social Security Survive?

Over half of current workers think Social Security will be their primary source of retirement income, according to a Nationwide survey, and that's a big problem.

Social Security's spending is expected to grow substantially faster than GDP through the mid-2030s because of aging baby boomers and fewer workers and as a result, the latest report from the trustees of the Social Security trust fund estimate that an across-the-board cut to benefits is looming. Can Social Security survive?

Income uncertainty

According to the Employee Benefit Research Institute (EBRI) 2018 Retirement Confidence Survey, only 7% of American workers are very confident that Social Security will pay them benefits in retirement that equal the benefits that are being paid to current Social Security recipients.

There's good reason for their pessimism. A pay-as-you-go system, Social Security payments to current recipients has outstripped payroll taxes collected since 2010. Since then, the program's made up the difference by using interest earned on the trust fund that it built up when taxes collected were greater than outlays. However, interest on the trust fund will cease being enough to close the gap beginning in 2018, and as a result, paying future retirees what they're entitled to will require drawing down the $2.9 trillion trust fund until its exhausted.


Privacy Policy

Will Social Security Survive? is dedicated to protecting consumer privacy on the Internet. Our practices are consistent with privacy guidelines established by eTrust.com.

Will Social Security Survive? does not require any personal information to obtain access to our website.

Will Social Security Survive? does require limited personal information including name and mailing address from individuals wishing to join as members. Additional information such as e-mail address and phone number may also be requested in order that we may contact members in a timely manner on issues related to our mission.

You will only receive e-mail from us if you request to be added to our e-mail list. You may revise or remove your e-mail address from our files at any time.

Will Social Security Survive? uses "cookie" technology to obtain non-personal information from our online visitors, such as browser/computer type, number of visitors, and site usage. We do not use cookies to extract personal information.

Our website contains links to other sites, but Will Social Security Survive? does not necessarily advocate, support or condone the privacy practices or content of these websites.

Will Social Security Survive? makes all information received from our online visitors as secure as possible against unauthorized access and use. All information is protected by state-of-the-art security technology.

Will Social Security Survive? respects the individual privacy rights and concerns of visitors to our website. We support meaningful self-regulation of the Internet to ensure that responsible organizations maintain the right to use all communications media to interact with the public.