Social Security Will Be Solvent for the Rest of the Century

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Monika Bauerlein,
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The next few months are make-or-break for Mother Jones’ fundraising. We need to raise $300,000 quickly, and we need more online readers to pitch in than have been. Please learn more in "It's Not a Crisis. This Is the New Normal," where we go into the brutal economics of journalism, and what makes Mother Jones unique and worth supporting if you can right now.

While we wait for results from Alabama, I have some good news to share. I was browsing through the 2017 Social Security Trustees report, and it turns out that Social Security will be solvent through the rest of the century. Here’s their chart of how things look based on different estimates of economic growth:

As we all know, the official OMB/Treasury estimate of future economic growth is 2.9 percent, which means the trust fund will be flush with cash far into the future. This means everyone can stand down and leave Social Security alone. In fact, it’s doing so well that Congress might want to think about raising benefits. Hooray!