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Don’t Make Me Say I Told You So 19

that the Social Security Old Age and Survivors Insurance Trust
Fund will be exhausted. 2

Social Security Surpluses/Defecits
(% of GDP)

1.0% Actual Projected

2019-2035
0.5% Deficity:
$2.9 Trillion
0.0%
Trust Fund
-0.5% Depleted in 2035

-1.0%

-1.5%

-2.0%
1970 1980 1990 2000 2010 2020 2030 2040 2050 2060 2070 2080 2090
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

There are two main reasons that Social Security may face

significant challenges in the future.

Americans Are Living Longer

Because Americans are living longer than ever before, retirees
today are receiving Social Security benefits for a longer period

than previous generations. Benefits which, 50 years ago, may

have been paid out for three, five, or ten years are now being

Chapter 1: The New Retirement