COUNTDOWN TO SAVE SOCIAL SECURITY 9 YEARS
Social Security
RESERVes ARE set to expire in
2033
OASI = Old Age Survivors Fund
HI = Medicare's Hospital Insurance
DI = Disability Insurance
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Ronald Reagan Letter to Congress - 1980
I am asking the Congress to restore the minimum benefit for current beneficiaries with low incomes. It was never our intention to take this support away from those who truly need it. There is, however, a sizable percentage of recipients who are adequately provided for by pensions or other income and should not be added to the financial burden of social security.
Ronald Reagan 1980 Letter to Congress
ANNUAL SHORTFALL:
$88 Billion
How much is Social Security underfunded?
The program's cash-flow deficit was $88.5 billion in 2022 and is projected to be $440.1 billion in 2033 (in current dollars)
(2023 Social Security Trustees Report, intermediate assumptions).
With A Record Number Of Seniors Over 65 Living Longer, Money PAID Into The Social Security Fund Is Less Than What’s Available To Support The PAYOUTS THAT Working Americans WILL NEED IN RETIREMENT
WHO CAN HELP?
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47,000 Retired Millionaires
47,000+ retirees make over $1 million/year in retirement and receive SSA.
Claiming over $1.5 Billion / year
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4,000,000 Retirees make $100K or more
4+ million (7.2% of retirees) make $100,000 per year or more and receive SSA benefits.
Claiming over $81 Billion / year
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118,000,000 Current Contributors
118 million pre-retirement individuals who want to participate and be counted as a supporter.
Already contributing $990 Billion / year
