It May Be Too Late to Try This Social Security Solvency Fix

In 2032, the Social Security trust fund is expected to run dry. At that time, the program will no longer be able to pay full benefits. Obviously, no one wants to see that happen — especially not the millions of retirees who rely on Social Security for their retirement income.

Members of Congress have been exploring different fixes. A recent report by NPR’s Planet Money looked at what would happen if the government were to invest the Social Security trust fund in the stock market.

Canada did that in the 90s, and the report said: “Their trust fund that has been built up with equities is now equal in size to 25% of their gross domestic product.”

Unfortunately, it’s too late for the U.S. to try that. Our trust fund is too depleted, and there isn’t enough time to salvage it.

The Seniors Trust is committed to improving the financial well-being of older Americans through the passage of the Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.