"According to the Social Security trustees' report, if we did absolutely nothing the program could pay every penny of scheduled benefits through the year 2036." “The trust fund is held in the form of U.S. government bonds, which are indeed sheets of paper. However, investors everywhere eagerly seek out these 'sheets of paper' as the safest asset in the world." I visited the social security site. Yes, we have sufficient monies to keep Social Security as is.
Even if no changes were made to Social Security, the trust fund could always pay close to 80 percent of scheduled benefits, says Economist Dean Baker, and while it would be unacceptable to pay people a smaller benefit than had been promised, the scheduled benefits for new retirees are projected to rise by 1 percent a year in excess of prices.
"So in 2036, the average scheduled benefit for a new retiree will be more than 25 percent higher than it is today,” Baker says. Even if no changes are made to the system, new retirees in 2036 receiving just 80 percent of their scheduled benefit would still be receiving a benefit that is larger than what retirees get today.
Politicians aren’t likely to include Social Security changes in any agreement, with Democrats opposed to them. 2036 is speculation as we don't know how many more people will be working compared to today's high unemployment. Just wanted to set your minds at ease.