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For the first time since 1983, Social Security will pay out more than it takes in this year (2010). Decreased tax revenue caused by the recession is to blame. This situation should be temporary assuming that unemployment trends downward. A new tax on health care benefits will also help. The Congressional Budget Office currently estimates a date of 2037 for the end of solvency.
The huge demographic bubble of baby boomer retirees will take a toll on Social Security. There are 3.2 workers for each recipient today. According to the Social Security Administration, that number will drop to 2.1 by 2034.
The fund for Social Security has a surplus which will take care of negative balances (including this year), but the money will begin to completely dry up when the program's solvency ends.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoYou will have to use your own crystal ball for this information.
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Where can you go to get a social card?
You have to go to the social security office to get a social security card.
How long will Social Security last?
Social Security will last as long as there is political will to maintain payroll taxes to pay for it. It is not slated to go "bankrupt" - that is, to be completely out of money. There will be money in Social Security as long as taxes are collected to put into the system. What is expected to happen, barring some type of reform, is that at some point in the future (and the horizon for this event depends in some measure on the state of the economy), Social Security will not have sufficient funds to pay 100% benefits. Instead, there will be sufficient funds to cover only around 75% of the benefit amount.
Where can you get social security fonts?
Go to the social security office and ask them
Where do you get a copy of your social security card?
Call the social security office or go online and search "Social security" for your country.
How do you get replacement social security card?
Go to the social security office with proper ID.
How do you buy a Social Security number?
You don't buy a social security number. You go to your local social security office and apply to receive your own personal social security number.Buying a social security number is against the law.
If you use illegal drugs can it be reported to social security?
It is if you go to jail that Social Security stops.
How do you get a social security card?
You go to your nearest social security office and you would be able to apply for it.
Where would I go to get a copy f my social security card if I have lost it?
To get a copy of your social security card, you need to go to your local social security office. You can find out where this is by typing your info in at ssa.gov
How do you get a virtual Social Security number?
You can't. You can only get a valid Social Security number through the Social Security Administration; anything else is fraudulent.
What is the only power the constitution does not give congress?
Its definitely the power to create a social security system. btw do u go to BE?
Need to find a copy of my social security benefits for 2014?
Go to your social security department and ask about your benefits for 2014 . The Social Security Statement provides information about your earnings history and estimates of your Social Security benefits.
