Social Security faces a $25 trillion funding shortfall, leading to potential benefit cuts for retired workers and survivors in seven years. The program’s financial woes are not due to lawmakers raiding trust funds, but rather demographic shifts. Despite recent milestones like the average monthly benefit topping $2,000, Social Security’s foundation is crumbling. The OASI trust fund is projected to exhaust its reserves by 2033, potentially leading to benefit cuts of up to 23%. Congress is not responsible for stealing from Social Security, as all income is invested in government bonds as required by law. Demographic changes like declining fertility rates and income inequality are major factors affecting Social Security’s financial outlook. Congress must address these issues to prevent further financial strain on the program.

Read more at Nasdaq.: Has Congress Stolen Trillions From Social Security? The Answer Couldn’t Be Clearer.