Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Social Security Is Doomed. Now What?

By The Foundation for Economic Education. Originally published at ValueWalk.

There’s no way to sugar-coat it. Social Security is going to fail. There are, of course, ways to possibly extend its life for a few years, or even decades, but ultimately, like all Ponzi schemes, it will collapse. By the federal government’s and the Social Security Board of Trustees’ own admissions, the Social Security program will be paying out more than it takes in in just 4 years. At current rates (and assuming the federal government fully pays back the more than $5 trillion it “borrowed” from Social Security’s accounts), the program will be completely out of money in about 17 years. What does this situation mean for current working Americans? Is there any way to solve this problem? Join Antony Davies and James Harrigan as they discuss this and more on this week’s episode of Words and Numbers.


Know more about Russia than your friends:

Get our free ebook on how the Soviet Union became Putin’s Russia.

Russia eBook

See 2017 Hedge Fund Letters.

Social Security
By US Government (Social Security Administration) [Public domain], via Wikimedia Commons

Subscribe to the Words and Numbers podcast via iTunes.

Quick Hits

Splitting up Amazon

Former Walmart US CEO says Congress should consider splitting up Amazon


www.cnbc.com

National pencil day

NATIONAL PENCIL DAY – March 30


nationaldaycalendar.com

Foolishness of the Week: Cancer warnings on coffee, vacancy tax

Why California’s Lawsuit Industry Wants You to Think Coffee Causes Cancer | Walter Olson


fee.org

Cancer Warning Labels Based on California’s Proposition 65


www.cancer.org

Judge Rules Coffee Needs Cancer Warning, Giving Starbucks & Dunkin’ Donuts Jitters


www.refinery29.com

De Blasio eyes vacancy tax for greedy landlords seeking top-dollar


nypost.com

Topic of the Week: Social Security

Social Security Administration Spending Tops $1 Trillion for First Time


www.cnsnews.com

Summary: Actuarial Status of the Social Security Trust Funds, July 2017


www.ssa.gov

Social Security Trust Fund Cash Flows and Reserves


www.ssa.gov

The Future Financial Status of the Social Security Program


www.ssa.gov

Social Security Online History Pages


www.ssa.gov

How Privatized Social Security Works in Galveston


www.nytimes.com

You Asked: Can Kentucky Teachers Retirement System participants receive Social Security?


www.state-journal.com

Why Aren’t All Teachers Covered By Social Security?


www.teacherpensions.org

Widespread teacher absences close Kentucky schools amid anger over pension bill


www.cbsnews.com

Follow James and Antony on Twitter.

Join the Words and Numbers Backstage FB group, where the conversation continues.

Antony Davies




Antony Davies

Antony Davies is associate professor of economics at Duquesne University and Chief Academic Officer at FreedomTrust.

He is a member of the FEE Faculty Network.

This article was originally published on FEE.org. Read the original article.

The post Social Security Is Doomed. Now What? appeared first on ValueWalk.

Sign up for ValueWalk’s free newsletter here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!