Understanding Social Security

What is the new expected year until which the Social Security trust funds can pay out all scheduled benefits?

• 2025

• 2040

• 2035

• 2030

Which economic factors have contributed to the positive shift in Social Security's financial status?

• Decreased population growth

• Increased government spending

• Strong wage growth and low unemployment

• High inflation and low interest rates

If no changes are made by Congress, what percentage of scheduled benefits will the trust funds be able to pay after 2035?

• 83%

• 50%

• 0%

• 100%

What is one potential consequence if Social Security can only pay out 83% of benefits?

• Seniors may have to choose between essentials like medicine or food

• No impact on seniors

• Increased benefits for all

• Complete elimination of benefits

What are some options Congress has to strengthen Social Security?

• Increasing revenue, reducing benefits, or a combination of both

• Reducing taxes

• Eliminating Social Security

• Increasing the retirement age to 80