There are two Social Security trust funds inside the U.S. Treasury. One pays retirement and survivors benefits, while the other pays disability benefits.
According to a group of concerned Democrats and Republicans in the House of Representatives, both funds could be insolvent within the decade. In fact, lawmakers are so concerned that they’re advocating for special bipartisan “rescue committees” tasked only with keeping vital trust funds alive -- because right now, they could be depleted as soon as 2029.
Roughly 65 million Americans receive Social Security. But within the last few months, employment has dropped suddenly and sharply -- along with the number of people paying into the program. The fact that Democrats and Republicans now agree Social Security is at risk should demand our attention -- do you agree? Tell us what you think should be done about this looming crisis:
