A new report from Social Security has raised its predicted unfunded liabilities over the next 75 years by one trillion dollars.


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The day of reckoning looms: A new report from Social Security has raised its predicted unfunded liabilities over the next 75 years by one trillion dollars, for a total of $9.6 trillion.

According to the report, “Through the end of 2087, the combined funds [OASI and DI] have a present-value unfunded obligation of $9.6 trillion.” That is “$1.0 trillion more than the measured level of $8.6 trillion a year ago,” states the report, in reference to the data available for 2011. That $9.6 trillion shortfall equals approximately $83,894 per household based on the Census Bureau’s latest estimate that there are 114,430,000 households in the country.

The report also looks farther into the future and saw the shortfall rise to $23 trillion.

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One comment

  • Pzatchok

    This only proves that the long term survivability of SS has always relied on an ever increasing population size. The original models were wrong.

    All the real trouble with SS was caused by the baby boomers not repopulating 2+ children for every adult. They forgot they needed someone to pay for their retirements in the future.
    Now they want to make up for it by bringing in south of the boarder illegals to make up for the shortfall. Forgetting all the implications of mass immigration. Yes we have had instances of large waves of immigration but nothing like this. This is approaching 15% of our population in the last 20 years.With no requirements to integrate like the rest of the world has.

    All we as a nation can do at this point is hang on and hope to ride out the terrible times that our parents have left us.

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