A growing number of baby boomers are collecting benefits, while there are fewer people in the workforce paying taxes for each retiree. Given today's low birthrates, that mismatch is not expected to change for decades, although ๐ ๐ฌ๐ฎ๐ซ๐ ๐ ๐ข๐ง ๐ข๐ฆ๐ฆ๐ข๐ ๐ซ๐๐ญ๐ข๐จ๐ง ๐ก๐๐ฅ๐ฉ๐ฌ
@Bix
ooops!
In 1983, Congress and the Reagan administration adjusted Social Security taxes and benefits to put the program on an even keel that began to build up a huge surplus for investment. But Congress decided to โborrowโ the surplus instead of investing. Theyโve been using it to help pay for things that have nothing to do with Social Security, things the political establishment and tax-averse Americans wanted but didnโt want to pay for: invasions, education, highway repairs and so on.