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Kiplinger
Kiplinger
Business
Kate Schubel

Why the Trump Account Rollout Is Raising Questions About Social Security

A Social Security card balances on top of the U.S. Capitol.

Social Security benefits have always been designed to protect individuals from a loss of income due to retirement, disability or the death of a primary income earner, but how much you receive might be changing soon.

Current Social Security Administration (SSA) projections predict the program will face a funding shortfall by late 2032, triggered by a wave of retiring baby boomers outnumbering the younger workers paying into the system.

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