Is Social Security Going Bankrupt?

For years, I’ve been reading about how Social Security is a Ponzi scheme and that it’s running out of money. Alarmists are telling people that there will be nothing in the coffers for them when they retire. If they don’t accumulate a gigantic portfolio they risk living on cat food in their twilight years. Before jumping off a cliff — take a deep breath. DO NOT PANIC. Repeat — DO NOT PANIC. Recently, I read <a href="https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html#:~:text=As%20a%20result%20of%20changes,are%20projected%20to%20become%20exhausted." rel="noopener ugc nofollow" target="_blank">on the government’s own site</a>, that benefits are expected to be fully payable until 2037. After that point, if no changes are made, then payroll taxes will still be able to cover… drumroll… 76% of predicted benefits. <a href="https://shefaliohara.medium.com/is-social-security-going-bankrupt-5106d415326b">Website</a>