What happens when Social Security runs out of money? : The Indicator from Planet Money

Kevin Dietsch/Getty Photographs

Kevin Dietsch/Getty Photographs

Social Safety has up to now been self-sustaining—payroll taxes go into this huge fund, which then pays out month-to-month checks. However the issue we have now now could be the cash coming into that fund is just not maintaining with the cash going out.

The election hasn’t been nice for folks involved in regards to the authorities’s funds. The Committee for a Accountable Federal Price range estimates that Donald Trump’s election proposals will pace up the rundown within the Social Safety fund by a number of years.

So, when Social Safety runs out of cash because it’s projected to do … may we simply borrow more cash? And in that case, what would that imply for the already rising authorities’s debt?

At the moment on the present, how apprehensive ought to we be about Social Safety and the federal debt? We clarify a recent indicator to evaluate whether or not or not America’s getting too far within the crimson.

Associated Episodes:
What does the following period of Social Safety appear to be?
Iceberg forward for Social Safety

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