2021 Social Security funding shortfall projected, potentially amplifying debt crisis.

The article addresses concerns about the future of Social Security in the U.S., highlighting that current payroll tax revenues are insufficient to cover outgoing benefits, leading to potential financial crises. The election of Donald Trump is predicted to accelerate the fund's depletion. It raises questions about borrowing to cover shortfalls, which could increase federal debt. Additionally, a new indicator is introduced to evaluate America's debt situation.

October 30, 2024
4 Articles