Last week the Social Security Trustee Report reported the Social Security trust fund will be exhausted by 2033. Comparing this date with previously released estimated Veronique de Rugy at the Mercatus Center highlights the estimated exhaust date has continued to decline and is now estimated to happen 20 years sooner than estimated in 1990. The chart below makes this point clear and should give most pause to any who think we have until 2033 to deal with this political third rail.
Senate Majority Leader Harry Reid and fellow Senators Chuck Schumer,
Dr. Shawn DuBravac is author of the New York Times Best Seller Digital Destiny: How the New Age of Data Will Transform the Way We Work, Live, and Communicate, which explores how the world’s mass adoption of digital technologies portends the beginning of a new era for humanity in the realms of business, healthcare, finance, transportation and culture.
