Report shows Social Security stability
Social Security is stable with full benefits until 2034 reports the Social Security Trust Fund. There is enough income into the program to pay about 81% of all benefits owed, declining to 72% in 2099. Social Security is adequately funded for now, more than sufficient to pay full scheduled benefits: 88% funded for the next 25 years, around 82% for the next 50 years, and 79% for the next 75 years.
The trustees report about $2.72 trillion in the Social Security Trust Fund to the end of 2024, reserves continue contributing to funding of the program, yielding interest income of about $69 billion in 2024. Total cost of the Social Security program in 2024 was $1.485 trillion. Total income was $1.418 trillion which consisted of $1.349 trillion of non-interest income and $69 billion in interest earnings. The 2025 report is the 85th report.
There is a need for financial footing of Social Security bringing new revenues into the program. As well as increasing revenue, we need to be sure the program is sustained and not put into the private market by those in power who want to fragment our earned benefits. It is a constant hassle with politicians and outside influencers trying to take our earned incomes from us. Investing in the private market is not sensible for us; look at the market downturn in 2008 and what that would have done to your monthly Social Security check.