Since the late 1980s, the Social Security system has collected more payroll taxes than it paid out in benefits. The excess funds have been

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The excess funds collected by the Social Security system have been loaned to the federal government to finance general spending. These funds are held in a trust fund, which invests in U.S. Treasury securities. The government then uses this money to pay for other programs and initiatives, essentially borrowing from the Social Security trust fund. However, there is concern that these funds may be depleted by 2035, causing a reduction in benefits unless reforms are made.

Since the Late 1980s, the Social Security System Has Collected