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When Will Social Security Become Insolvent?

Alexander Ross • • 6 min read
When Will Social Security Become Insolvent?

The trustees now project the OASI fund will be insolvent in 2033, meaning there will be enough income to pay out only 76 percent of scheduled payments.

What happens when Social Security becomes insolvent?

In the context of Social Security, insolvency means the trust-fund financial cushion is expected to be exhausted by 2033. It doesn't mean the system will stop paying benefits entirely around that time.

Is it true that Social Security will end?

According to the 2021 annual report of the Social Security Board of Trustees, the surplus in the trust funds that disburse retirement, disability and other Social Security benefits will be depleted by 2034.

Alexander Ross
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Alexander Ross

Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.