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18 Don’t Make Me Say I Told You So
Will Social Security Be Around for Me?
The most common discussion surrounding Social Security
is the question of whether the program will survive. Social
Security benefits are paid, not from an existing pool of money,
but through contributions of people currently in the workforce.
Since the ratio of people contributing to Social Security to those
receiving Social Security has been dropping steadily over the
last century, the numbers look frightening.
Social Security - Number of Workers Per Beneficiary
5
4
3.7
3.4
3
2.9
2.4
2
1
0
1970 1990 2010 2030
Source: Social Security Administration, The 2019 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and
Federal Disability Insurance Trust Funds, April 2019, Compiled by PGPF
©2019 Peter G. Peterson Foundation
It is estimated that the program will begin paying out more
than it takes in as early as 2021. By 2035, the numbers show
Chapter 1: The New Retirement
