Is the Social Security Administration Going Bankrupt?

Answering a concern whether Social Security will be there when younger people will need it. Social Security attorney explains how retirement and disability payments are funded and the future disbursement projections. Here I explain the difference of sources of income from the employment tax taken from worker's income and the strength of the Old Age and Disability trust funds. Included are the estimates of how much the payments will be it the government allows the trust funds to become depleted.

[veessayin]

Thanks for the info! We MUST NOT allow SS to be privatized.

[susanr]

Thank you, Mike Reiter. Excellent excellent explanation of the current condition of Social Security and what to expect in the future. Thank you.

[RonaldDelby]

not taxing the rich, very rich will receive the money that that ssa would have gotten....give it a little time. a man from south Africa is hellbent on destroying ssa

[jimbrown]

There will not be a reduction in benefits.