Question

"The Future of Social Security" post your analytic view about the topic based on recent economic trend and Federal policy adjustments.

Answer 1

The soual Security Board of Trustees, the brust fund that disburse retirement, disability, and other souál security benefits will be depleted by 2035. © 88 percent zrom 12.4 percent Soudl seunity tax paid on most American worker's comings, through FICH payroll taxes 4 percent from income taxes soual seunity recipients pay on their benefits. o 8 percent from interest on the money in the trust funds The a FICA I SECA taxes also generate revenue stream for Medicare, which Hows. Medicare into the trust fund that finances Part A Chospitalization coverage). As detailed in the 2019 Medicare trustees report, that fund is under much the same pressure as the soual security trust funds due to demographic trends and rising costs.