One wouldn’t know it from anything the 2020 presidential candidates have discussed, but most of us have known for years that the Social Security program’s future is in serious trouble. Unfortunately, the 2019 Social Security Board of Trustees Annual Report has reaffirmed that the program is hurtling toward bankruptcy.
The system is comprised of two trust funds. The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out retirees’ monthly benefits, is under particular distress and is projected to become depleted in 2034. Income coming in from current workers