Submitted by dildobagginss t3_z4dxsg in dataisbeautiful
peter303_ t1_ixqydlk wrote
US Social Security trust fund would be third on list with $2.8 trillion assets in 2021.
It is a shrinking asset. Its balance declined 2% in 2021 due to lower income (FICA taxes and treasury bond interest) than pension payouts. Its projected to be fully depleted by 2034.
Zeplar t1_ixs0pc8 wrote
Huge asterisk there. Projected to be partially depleted if there's no new legislature in 12 years. Still paying out 80% in that case. Other projections also give it till 2070, 2034 is the worst case if the economy continues to shrink.
SS is one of the most popular public policies, not very likely it will end.
wetcalzones t1_ixs29ey wrote
Must be nice being so optimistic
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