VIDEO: How is Social Security Funded?

There’s a lot of concern about the future of Social Security. Check out this short, animated video explaining how Social Security is funded and why the current formula is not viable for its long-term outlook.

YouTube / AARP

Once you understand how Social Security is funded, it’s easy to see why it is critical that Congress act now to shore up the Social Security trust funds. This will ensure we can continue to provide full retirement benefits to seniors now and in the future. Providing bigger benefits is just one of the many reasons The Seniors Trust is working to enact the Social Security Expansion Act. This comprehensive piece of legislation seeks to reform Social Security by expanding and strengthening benefits proven to reduce senior poverty and improve retirement security, and by extending the solvency of this crucial program.

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