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The consequences of Social Security insolvency - Committee for a Responsible Federal Budget
In 2025, about 69 million Americans (one in five) receive Social Security benefits each month, totaling roughly $1.6 trillion in annual payments. This includes retired workers, disabled workers, survivors, and their dependents, who would be affected if the Social Security Trust funds become insolvent. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, explains no state is spared when Social Security goes insolvent. Read Ms. MacGuineas’ article here…
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