Social Security Funds to Last Longer Than Expected Thanks to Sturdy Economy

The combined trust funds for Social Security are projected to run out a year later than previously expected, according to a board of trustees of the program's accounts. The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out Social Security benefits to retirees, and the program's smaller Disability Insurance (DI) Trust Fund is projected to run out in 2035. The Biden administration officials claim the projected depletion date for the OASI trust funds has moved to November 2033, seven months later than last year's projection, mainly due to economic growth.

Officials on a pre-release call with reporters cited labor productivity and GDP projections being increased in the coming years due to exceeding expectations in the pandemic-stricken economy. This is seen as a boost for President Biden, who has pushed for expanding Social Security benefits as a cornerstone of his policy agenda.

One user, Nateman, comments, Democrats did not strive for fraud-friendly voting merely to continue honest elections. Another user, Roklok, reveals they have taken the vaccine, deciding it was better to take it sooner rather than later, fearing it might be gone in a couple of years.

Users responding to the article voiced various concerns and perspectives. Some wondered what the reality of spending and accounting for the trust funds was, while others commented on the Democrats' motives for managing the economy and elections.