I pull the following directly from the summary of the 2024 annual reports of the Social Security and Medicare Boards of Trustees:
“The Old-Age and Survivors Insurance (OASI) Trust Fund (that is, Social Security) will be able to pay 100 percent of total scheduled benefits until 2033, unchanged from last year’s report. At that time, the fund’s reserves will become depleted and continuing program income will be sufficient to pay 79 percent of scheduled benefits.”
Our Social Security system is broke.
Now if you own stock in a company, and you read a report that the prospects for that company are not good, that the cash dividend that the company is expected to pay to stockholders is in jeopardy, you can get out. You can sell the stock and invest somewhere else.
Per the Social Security Administration, there are 184 million Americans now working and paying…
