Are you right to worry about Social Security? - The Motley Fool
The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034. The Disability Insurance (DI) Trust Fund, which pays disability benefits, is no longer projected to be depleted within the 75-year projection period. The OASI and DI funds are separate entities under the law; however, the Trustees combine the reserves of these two funds to illustrate the actuarial status of the Social Security program as a whole. The hypothetical combined OASI and DI funds would be able to pay scheduled benefits on a timely basis until 2035. At this time, the combined funds’ reserves will become depleted. Trevor Jennewine writing for the Motley Fool, asks: Most Americans worry Social Security will run out of money – are they right to worry? Read Mr. Jennewine’s article here…
AMAC has been at the forefront trying to strengthen Social Security by developing and proposing its Social Security Guarantee. AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.
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