Earn & Invest cover image

300. Can You Retire In These Uncertain Times? w/ Mark Miller

Earn & Invest

00:00

Is Social Security Going to Be Depleted?

Do you see any situation in which social security doesn't end up paying what it's supposed to, or what they're say it's going to pay? Do you see any likelihood of insolvency happening? Yes, this is a very important question. I think what you describe as something a lot of people worry about. The so security trust fund is the entity that think of it as the checking account for paying benefits. Dollars flow in from the payroll tax, and dollars flow out to pay benefits. And so security has had, the suf security checking account has had a huge surplus over the last several decades. It's currently about, i think, two point eight trillion. But the

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app