Social Security Facing $63 Trillion In Unfunded Liabilities

Editor's Note: All they have to do is raise the Contribution and Benefit Base ($168,600) or completely eliminate it! Raising the retirement age is unacceptable. To get full benefits for people born in 1960 or later it's already 67 years of age! Anyone talking about raising the retirement age is an open enemy of the American people!! Raising the retirement age would reduce payments for all age groups!

Social Security is facing $63 trillion in long-term unfunded liabilities, according to the 2024 Old-Age, Survivors, Disability Insurance (OASDI) trustees report.

The report looked at two things: how much money will be missing indefinitely and how much will be missing in the next 75 years. The report determined that there will be a permanent $62.8 trillion deficit and about a $23 trillion shortage for the next 75 years.

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