Social Security is predicted to be unsustainable by the time current young adults reach retirement age due to its investment in low-yield government bonds since the 1990s and a high debt-to-GDP ratio. Retirement age will likely be pushed back further.
"Social Security right now, it doesn't make money. All the money that goes in immediately gets paid out because it was denied in the 1990s to be invested in the overall market. Instead, it was put in the low government bonds. because of that it never keeps up with inflation meaning it was a service or you know a program that is not able to actually keep up and they tap money from it. So because of that there's not enough money and because of that we have to continue pushing retirement age and by the time that we are in retirement social security is not going to be able to sustain itself. It already takes up a massive percent of the federal budget. It is not going to be able to sustain itself especially where we are with debt to income or debt to GDP ratio in this country. Good luck by the time we are 60 or 70 social security being around."
