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)