« Debt – Why Are We Addicted To It?
Deficit – Debt: What’s the Difference? »

Social Security Insurance – A Crisis Looms

social security insurance

A crisis is headed our way in Social Security Insurance.  For years, we’ve been hearing that the Social Security Trust Fund would run out of money. The recent economic recession only worsened the outlook for Social Security Insurance.

According to current projections by the trustees responsible for the Social Security Trust Fund, the Social Security program will begin to pay out more benefits than in collects in taxes beginning in the year 2016.  And by 2037, the Social Security Trust Fund will be insolvent, and will be unable to pay full benefits to retirees.

There are no easy solutions to the Social Security Insurance crisis.  One thing is clear, however.  Each year that goes by without taking action to solve the problem will only make the solution more painful when the time comes.

Thank you for visiting this site and reading this article on Social Security Insurance. Your interest is very much appreciated, and you are invited to read additional articles on this site.


________________________________________________________________________
Editor's Note: If you found this site through Twitter, I want to thank you for following us on Twitter and visiting our site. Our Twitter followers (and traffic to The National Debt Crisis website) have exploded recently because of an inexpensive little tool we began using a short time ago. Click here if you'd like more info.