“Social Security shortfall: Trust fund to run dry in 2035, trustees predict”
April 24, 2019
“Social Security’s Opens a New Window. reserve funds are expected to be depleted in 2035, at which time the program will no longer be able to pay out benefits Opens a New Window. in full.
That’s according to the annual Social Security and Medicare trustees report released on Monday, which said total costs of the program, which covers the old age and disability insurance programs, will exceed income in 2020 – for the first time since 1982. That’s two years later than projected last year, but means the program will have to dip into its reserves to cover benefits at that time…”
https://www.foxbusiness.com/personal-finance/social-security-trust-fund-to-run-dry
“Everyone” says it because it’s true. If you’re young don’t count on social security. Don’t count on it at all because it’s most likely not going to be there.