Link: https://marypatcampbell.substack.com/p/social-security-politics#details
Graphic:
Excerpt:
2022 OASDI Trustees Report, plus spreadsheets, etc. https://www.ssa.gov/OACT/TR/2022/
I am graphing the net change in the OASI (that’s the old age benefit part) Trust Fund, year-over-year.
I think you can easily see all those glorious years the Boomer payroll taxes were being stuffed into the Trust Fund… but really flowing right out into current spending for other goodies.
And you can see when that reversed and is now negative, and will continue to be negative until the Trust Fund is exhausted, in the early 2030s.
Author(s): Mary Pat Campbell
Publication Date: 7 Nov 2022
Publication Site: STUMP at substack