The Number of People on Social Security Isn’t Sustainable – Here’s the Problem

posted by The Glenn Beck Program - 

What’s going on?

The number of people on Social Security benefits reached a record 61,859,250 last month, according to Social Security Administration data.

CNSNews.com reported that even with the unemployment rate at its lowest since 2000, there are only about two full-time workers for every person on Social Security.

RELATED: Would It Really Be so Bad if the Government ‘Shut Down’?

Key statistics:

  • Nearly 62 million people are Social Security beneficiaries.
  • The ratio of workers (including full-time and part-time) to beneficiaries is only about 2.5 to 1.
  • Social Security is heading toward a $12.5 trillion shortfall through 2091.
  • The national debt is at more than $20.6 trillion as of this writing.

What needs to happen next?  

The Social Security board of trustees says Congress needs to increase taxes, cut benefits and/or get some other funds together to pay for Social Security. Whether or not Congress will actually follow that advice remains to be seen.

Learn more about how Social Security works with our explainer here.

This article was originally published on GlennBeck.com.

Glenn Beck

Glenn Beck

Known for his quick wit, candid opinions and engaging personality, Glenn Beck has attracted millions of viewers and listeners throughout the United States with The Glenn Beck Program. His radio show is now heard on over 400 stations and is... Read more

title

Content Goes Here