The Social Security Board of Trustees projects that total Trust Fund revenues (including investment income) will continue to exceed program costs through 2021, but that Social Security will need to start redeeming its investments in Treasury securities in 2022. In which year, does the Social Security Board of Trustees estimated that its investments will be depleted?

Question

Quizplus · Accepted Answer

The Social Security Board of Trustees estimated that its investments will be depleted in 2034. The 2016 U.S. financial report (p. 184, required supplementary information) notes that, after 2034 (when the reserve is projected to be exhausted), continuing payroll tax revenue will be sufficient to pay 79 percent of scheduled benefits, decreasing to 74 percent by 2090.

The Social Security Board of Trustees Projects That Total Trust