10-18-2018, 11:47 AM
(10-18-2018, 11:24 AM)PhilHos Wrote: Since the time of George W. Bush, it's been stated by both Dems and Repubs that SS needs fixed or it will eventually collapse. As it hasn't been fixed yet, I assume the collapsing will still happen at some point.
It doesn’t entirely collapse, it just pays less. Currently it can pay 100% until 2035, then it can only pay like 80-85% for another couple of decades. By that time the majority of Baby Boomers will have probably died and SS will become much more solvent again.
