Social Security Trust Fund eked out its smallest net-cash surplus since 1982.

We have all heard that Social Security’s long-term outlook is not good.  Each year, The Social Security Board of Trustees release its short-term (10 year) and long-term (75 year) outlook for the program and since 1985, the Trustees have warned that the program didn’t have sufficient income to meet its long-term expenditures.  In the latest Trustees report (2019), it was forecasted that 2020 would become the first year since 1982 where Social Security would experience a net-cash outflow from its asset reserves.  However, according to published data from the Social Security Administration, as of December 31, 2019, the combined investment holdings of the Old Age and Survivors Insurance Trust and Disability Trust managed to grow by $2.3 billion marking the smallest increase since 1982.

In Sean Williams’ article he points out the reasons why it’s really just a matter of time before America’s most important social program reaches its tipping point and what can be done to fix Social Security. Read his 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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