According to current projections, the Social Security trust fund will grow to a maximum size in the year ________ and then run out of assets in the year ________.

Question

Quizplus · Accepted Answer

According to the latest report by the Social Security Trustees, the trust fund is projected to reach its maximum size in 2019 and then start drawing down on its assets. By 2035, it is estimated that the trust fund will be depleted, meaning that Social Security will only be able to pay out 80% of scheduled benefits unless changes are made to the system. However, even if the trust fund is exhausted, ongoing payroll tax revenues will still be able to fund around 75% of scheduled benefits for many years to come.

According to Current Projections, the Social Security Trust Fund Will