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From the point of view of the Social Security trust funds, the holdings of "special" government bonds are an investment that returned 5.5% to the trust funds in 2005. [45] The trust funds cannot resell these "special" government bonds on the secondary bond market, although the interest rate is determined based on market interest rates.
The CRFB noted that when Social Security’s long-term projections are calculated, it is assumed this $2.8 trillion will be repaid, so this borrowing from the program’s trust fund isn’t the ...
The Social Security trust fund that pays benefits to retired workers, spouses, and survivors was already on pace to be depleted by 2033. On Jan. 5, President Joe Biden signed into law the Social ...
Image source: Getty Images. The trust funds are still in trouble, but there's improvement. One of Social Security's most pressing problems is the depletion of its trust funds: the Old-Age and ...
Social Security still had over $2.78 trillion in its trust fund reserves at the beginning of 2024. This money is crucial for helping the government cover benefits above what it takes in annually ...
So, even if the trust fund is depleted in 2035, two sources of financing (representing 95% of revenues) will be unaffected, meaning there is no chance Social Security will run out of funding.
This debt mainly represents obligations to Social Security recipients and retired federal government employees, including military. In the United States, intragovernmental holdings are primarily composed of the Medicare trust funds, the Social Security Trust Fund, and Federal Financing Bank securities. A small amount of marketable securities ...
Put differently, if Social Security's 2026 COLA exceeds 2.2%, the OASDI Trust Fund may be depleted before 2035. Best-case scenario: That means Congress will have less time to find a fix for Social ...