Here’s How Much Money You Could Lose if Social Security Goes Bankrupt

“The future of the Social Security program will depend on several factors, including upcoming decisions by lawmakers. “Social Security cannot go bankrupt since money is continuously being paid into the trust funds by those who are currently working and paying taxes,” says Martha Shedden, president and co-founder of the National Association of Registered Social Security Analysts in the San Francisco Bay area. “However, if Congress makes no changes, it is possible that a portion of Social Security benefits will be cut sometime around 2034,” Shedden says.”

Published by Pamela Kweller, RSSA®

Pamela Kweller is the Content & Community Manager at RSSA. She is also certified as a Registered Social Security Analyst®. The mission of RSSA is to help Americans get the maximum Social Security income they have earned, enabling them to enjoy their lives more fully. Contact Pamela: