President-elect Donald Trumppreviously pledged tax cutsfor older Americans, posting on Truth Social in July that "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!" However, a cut in taxes would mean a cut in reve
IF SOCIAL SECURITY FUNDS HAD BEEN INVESTED IN MARKETABLE TREASURY BONDS AND STOCKS … WITH OTHER THINGS BEING EQUALPension funds, insurance plans, and individual investors of funds for retirement share a long-term perspective in making their placement decisions. Most if not all of their allocations...
Between the mid-1980s and 2009, Social Security was intentionally taking in more money than it was paying out, but as of 2010 it began to take in less. However, due to the treasury bonds purchased during the surplus years, the size of the trust fund will actually continue to increase un...
Cox writes that Social Security is “completely unfunded.” Yet virtually all government programs are completely unfunded. Our entire government operates on a pay-as-you-go system--not just Social Security. Almost all future government expenditures, no matter what is being funded, will come from ...
PRIMEPension schemes seek safety in treasury bonds Feb 08, 2023 -3 min read This scenario is further exacerbated by reports that fewer State pensions are being disbursed to retired civil servants due to a cash crunch. Recently during the Kenya Social Protection Conference P...
interest on money that Social Security has loaned to the U.S. Treasury.[129] [130] [131] [132] * In 2022, Social Security had $1,222 billion in income and $1,244 billion in expenses.[133] * When Social Security’s sources of income exceed its expenses, federal law requires that...
The twoSocial Security trust funds(one for retirement benefits, the other for disability claims) invest their reserves in special issue U.S. government debt securities that are available only to the funds. The reserves have also been invested in publicly tradedU.S. Treasury bondsat times.6 ...
Say you need a 10-year bridge to Social Security. Starting at age 60, you would buy a series of bonds or CDs that mature each year from the age of 61 until age 70. By holding the bonds to maturity, you can receive the full income from the coupons and maturing principal during the ...
shift the payment of Social Security benefits over to the government as a whole. The government as a whole, rather than the Social Security system, will have to repay the treasury bonds that the Social Security system will be cashing in. It will certainly be interesting to see what happens!
had to borrow less money from the public in the past few decades, when Social Security was running surpluses; but in the future, the Treasury will have to borrow more money from the public, because the Social Security trust funds will be redeeming some of those special Treasury bonds. ...