📋 Gen X Fears Social Security Won’t be There in Retirement (AARP Article)

[SummerOnTheWay1]

FROM THE ARTICLE.

Surveys show a generation closing in on retirement is increasingly anxious about the program’s fiscal health.

By Deirdre Shesgreen, AARP. Published October 02, 2025.

Corriveau, a 59-year-old from Florida, says he’s “extremely worried” about whether Social Security will be there for him when he retires. He plans to keep working for several more years, possibly past the traditional retirement age of 65.

John Quinn, a 60-year-old from North Carolina, says he’s never even checked his Social Security account because he’s not convinced his benefit will be a reliable — or sufficient — source of retirement income. He estimates he’ll be working until he’s 75.

USE LINK BELOW TO READ THE ARTICLE.

https://www.aarp.org/social-security/will-gen-x-have-social-security/

[SummerOnTheWay1]

[10/3/25) I wonder what happens to the funds removed from a WORKING person's paycheck IF they NEVER receive their Retirement Social Security = it is bankrupt.

[GailL1 · Accepted solution]

I thought I had explained this before - I know AARP has -

The SS Trust Fund will never be completely out of money.  It has dedicated places that money goes into it - these will continue.

(1)  payroll taxes and employer matches to these payroll taxes

(2) interest from the special treasuries where any reserve is kept before they have to be used to pay benefits

(3) taxes on benefits

REPEAT:  These income streams never completely dry up.

BUT it is against the law for the Trust Fund to run a deficit - meaning to pay more out in benefits that it is receiving in income.   That is where the problem lies - IT CANNOT PAY OUT MORE IN BENEFITS THAN WHAT INCOME IT IS RECEIVING INTO THE TRUST FUND.

When we reach a point where there is only so much income coming in from the sources listed above but the benefits needing to be paid are more that the amount coming in - then we have to adjust benefits to the income that is coming into the program.  IOW, at that point there is little to no reserve amount available anymore and all we have is the income from those sources listed above coming into the program.

Right now that insolvency period is estimated to be about 2032 or there about.

Comprendo -