Social Security Has an Immigration Problem

Sean Williams, The Motley Fool
Social Security Has an Immigration Problem

Although Social Security has been paying out benefits to retired workers for more than 80 years, and the program is in absolutely no danger of going bankrupt, a number of ongoing demographic changes are threatening to disrupt the amount that the program will eventually be able to pay out. If nothing is done, the latest report from the Social Security Board of Trustees suggests that payout cuts of up to 24% may await retirees by 2035. How, exactly, does the Social Security program go from generating a net cash surplus every year since 1983 to potentially burning through $2.9 trillion in asset reserves over the next 15 years?