Social Security is BANKRUPT—Here’s What Happens Next
Published: 2025-03-04
Status:
Available
|
Analyzed
Published: 2025-03-04
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 1
Prediction
Topic
Status
Experts predict Social Security will go broke in a couple of years.
"in just a couple years from now experts believe Social Security will go broke"
Pending
Social Security is projected to be fully insolvent within the next decade, leading to automatic benefit cuts of 20-25%.
"Social Security is projected to be fully insolvent within the next decade That means unless something changes benefits will automatically be cut by 20 to 25% across the board"
Pending
If no action is taken, Social Security benefits will be cut by 20-25% in 2033.
"if nothing's done Social Security will automatically cut benefits across the board by about 20 to 25% in 2033"
Pending
Between 2015 and 2022, approximately $71.8 billion was improperly paid out by Social Security.
"the Social Security Inspector General reported that from 2015 to 2022 about 71.8 billion was improperly paid out"
Pending
The Social Security Administration admits over 6 million Social Security numbers are still active for individuals over 112 years old.
"the Social Security Administration itself admitted that over 6 million Social Security numbers are still active for people over 112 years old"
Pending
Experts predict Social Security will go broke in a few years.
"experts believe Social Security will go broke"
Pending
A proposed solution for Social Security's shortfall is to lift the cap on income taxed for Social Security, meaning higher earners would pay more.
"some proposes suggest lifting that cap so higher earners pay more"
Pending
Social Security is projected to be fully insolvent within the next decade, leading to automatic benefit cuts of 20-25%.
"Social Security is projected to be fully insolvent within the next decade. That means unless something changes benefits will automatically be cut by 20 to 25% across the board"
Pending
Another proposed solution is to raise the retirement age for Social Security benefits to 68 or 69.
"other people want to raise the retirement age to 68 or 69"
Pending
If no action is taken, Social Security benefits will be automatically cut by 20-25% in 2033.
"if nothing's done Social Security will automatically cut benefits across the board by about 20 to 25% in 2033"
Pending
Between 2015 and 2022, approximately $71.8 billion was paid out improperly by Social Security.
"the Social Security Inspector General reported that from 2015 to 2022 about 71.8 billion was improperly paid out"
Pending
A proposal to means-test Social Security benefits, reducing or eliminating them for wealthy retirees.
"means testing benefit meaning wealthy retirees would get less or no social security"
Pending
A proposal suggests allowing workers to invest a portion of their Social Security taxes in the stock market for potentially higher returns.
"allowing workers to invest part of their social security taxes into the stock market for potentially higher returns"
Pending
Over 6 million Social Security numbers remain active for individuals over 112 years old, which is considered impossible.
"over 6 million social Security numbers are still active for people over 112 years old"
Pending
Thousands of individuals were found to be receiving Social Security benefits under multiple Social Security numbers simultaneously.
"thousands of people were receiving benefits under multiple numbers at the same time"
Pending
One proposal for Social Security reform is to lift the income cap, so that higher earners contribute more.
"some proposes suggest lifting that cap so higher earners pay more"
Pending
Another proposed reform for Social Security is to raise the retirement age to 68 or 69.
"other people want to raise the retirement age to 68 or 69"
Pending
A proposal to means-test Social Security benefits suggests that wealthy retirees would receive reduced or no benefits.
"means testing benefit meaning wealthy retirees would get less or no social Security"
Pending
Privatization of Social Security is proposed, allowing workers to invest a portion of their taxes in the stock market for potential higher returns.
"allowing workers to invest part of their Social Security taxes into the stock market for potentially higher returns"
Incorrect