Click me

Social Security: A Snapshot of its Finances

LAST YEAR'S SPENDING SOCIAL SECURITY Social Security $720 billion 20% a snapshot of its finances A OUT OF FUNDS IN 2036 Currently, 54 million people are covered by Social Security. The funds will run out in 2036, despite a 1.2 trillion dollar surplus from 1984-2009. $100 $80 $60 $40 $20 $0 60, 80, L0, 90, s0, +0, £0,0 10, 00, 66, 86, 6, 96, 56, +6, 6, 6, 16, 06, 68, 88, 28, 98, S8, 8, That surplus money was spent on other general government expenses. So uwhat's sitting in the "lockbox"? Not cash, but bonds- that the government borrowed against itself. Which begs the question- WHEN YOU'RE TRILLIONS OF DOLLARS IN DEBT, SHOULD YOU BE BORROWING FROM YOURSELF? SOURCES: CRS // THE BOARD OF TRUSTEES OF THE FEDERAL OLD-AGE AND SURVIVORS INSURANCE AND FEDERAL DISABILITY INSURANCE TRUST FUND // CBO PUBLIC NOTICE (surplus $ in billions)

Social Security: A Snapshot of its Finances

shared by PublicNotice on Dec 08
There are some things people take for granted. One of these is that after a lifetime of paying into Social Security, you’ll receive the promised benefits when its your turn to collect. But before lo...


Anna Russell


Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy


Click the code to copy
Customize size