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After 2028, Social Security is expected to draw on its trust funds to pay for the expenditures that are not covered by the income. Finally, in 2042 the trust fund surplus is expected to be depleted, and annual revenue into the program is projected to be less than expenditures; however, the trustee's project that Social Security will still be able to pay between two thirds and three-quarters of its promised benefits from 2043 to 2080, the farthest date they project...
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(Social Security: Questions and Answers, June 27, 2004)
There is much debate going on currently about when Social Security will actually go bankrupt, but there is one thing that we do know, it will happen. An important note to add is that the Baby Boomer will begin to retire in 2008, which will exasperate the situation...
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General points of the essay
Bankruptcy of Social Security
Overview of Social Security
Should Social Security Be Privatized
Social Security Crisis
Social Security Reform
The reformation of Social Security
Privitization of Social Security
The Social Security Dilemma
Distribution of Social Security
History Of Social Security
Privatization of Social Security
Privatizing Social Security
Social Security In The Future? Maybe Not
Social Security
The Social Security Crisis
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