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On average, Social Security benefits exceed Social Security taxes over an individual’s lifetime.
https://www.pgpf.org/Chart-Archive/0198_social_security_lifetime_benefits
Social Security provides social insurance by redistributing income from high earners to low earners.
https://www.pgpf.org/chart-archive/0244_social-security-income-redistribution
Four analyses project a more rapid depletion of Social Security trust funds as a result of coronavirus, outpacing previous depletion projections. Get the details.
Spending on federal entitlement programs will more than double between 1985 and 2050.
https://www.pgpf.org/chart-archive/0027_entitlement-programs-proj
By the Numbers: 2020 Trustees Reports
https://www.pgpf.org/chart-archive/0321_trustees_reports_2020
Social Security and Medicare are facing serious financial difficulty in the near future.
Low-income seniors rely on Social Security benefits for a major share of their retirement income.
https://www.pgpf.org/chart-archive/0018_social-security-low-income
Retired workers make up 70 percent of Social Security beneficiaries.
https://www.pgpf.org/chart-archive/0243_oasdi-beneficiary-percentages
Based on the Trustees’ projections, combined Social Security benefits could be cut by 20 percent in 2035 without legislative action
https://www.pgpf.org/chart-archive/0246_social-security-20-percent-cut