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A new analysis shows Social Security’s trust fund could run dry as early as 2032, while the federal government continues to spend far more on retirees than on younger Americans. With the system under growing strain, younger workers are left wondering what they’re actually paying into.
Kent Smetters, Faculty Director of the Penn Wharton Budget Model, joins the program to break down the numbers, what’s driving the imbalance, and whether Social Security can still be fixed—or if major changes are inevitable.
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By The Lars Larson ShowA new analysis shows Social Security’s trust fund could run dry as early as 2032, while the federal government continues to spend far more on retirees than on younger Americans. With the system under growing strain, younger workers are left wondering what they’re actually paying into.
Kent Smetters, Faculty Director of the Penn Wharton Budget Model, joins the program to break down the numbers, what’s driving the imbalance, and whether Social Security can still be fixed—or if major changes are inevitable.
Send us Fan Mail