0 Rating 27 Views 0 Likes 0 Comments

1) The combined trust funds at 12/31/2020 increased by $11 billion to $2.908 trillion.

2) The combined trust funds will be depleted in 2034 if Congress does not act (one year earlier). Receipts will be sufficient to pay 78% of the benefits.

3) Total income in 2020 - $1,118 trillion. (combined funds)

4) Total expenditures in 2020 - $1,107 trillion. (combined funds)

5) SS benefits paid in 2020 - $1,096 trillion to 65 million beneficiaries. (combined)

6) 175 million people had earnings covered by Social Security.

0
Total votes: 0
Be the first person to like this.

It will be interesting:

by on August 9, 2021
0 Rating 25 Views 0 likes 0 Comments
Read more
by on September 12, 2022
0 Rating 25 Views 0 likes 0 Comments
Read more