Social Security Trustees Report: System Unable to Meet Obligations by 2035
Washington, DC – The annual report from the Social Security trustees reveals troubling news – the system is projected to be unable to fulfill its obligations by 2035, covering only 83% of payments to retirees. This report comes as a recurring reminder of the challenges faced by the system in meeting its financial responsibilities. The massive scale of the Social Security system, with an annual expenditure of $1.2 trillion, poses significant challenges in making accurate …