Question: Based on the information I just read about Social Security, I am deeply concerned about its future solvency. The most recent Social Security Trustees report
Based on the information I just read about Social Security, I am deeply concerned about its future solvency. The most recent Social Security Trustees report projects that the trust fund reserves are expected to be depleted around 2034. This troubling projection suggests that Social Security may not be fully solvent by the time many current workers become eligible to receive benefits. It's important to consider that even if the trust fund runs out, Social Security will still be able to pay a portion of scheduled benefits through ongoing payroll taxes, potentially providing some benefits to most retirees. (Social Security Administration, 2023) Given this uncertain future, I question the necessity of participating in Social Security taxes. Why should money be deducted from my paychecks now if there's a possibility that I may not receive the full benefits in the future? These concerns are my personal views and do not reflect on the organization I work for, as they are simply following the law by withholding money for Social Security.What might change your answer? What could be done to help ensure social security's long-term solvency?What might change your answer? What could be done to help ensure social security's long-term solvency
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