Retirement

10 Choices Facing the Country about the Future of

Copyright © 2020 AARP Social Security faces a shortfall. To pay benefits, Social Security will increasingly rely on its trust funds because revenues from the payroll tax aren’t sufficient. After about 2035, when the trust funds are exhausted, the program is projected to have enough income to cover about 80 percent of promised benefits. That means the country faces choices about how to close the gap. © Lane V. Eri...