The Economic Times

Social Security could have lasted until 2059, so where did $10.8 trillion go? AARP reveals the income shift behind its 2034 funding crisis

Social Security's funding crisis may have arrived decades earlier because a smaller share of American income is subject to payroll taxes. AARP estimates the programme could have paid full benefits until 2059 if taxable wages had maintained their 1980s share of the economy. The actual trust fund depletion projections remain 2032 and 2034.