From Yahoo Finance: 2025-06-18 19:15:00

Social security funds are projected to deplete by 2033, as reported in the 2025 Social Security Board of Trustees’ report, with only 77% of benefits payable. The combined Social Security trust funds are expected to run out by 2034, paying only 81% of benefits, while the Medicare fund may deplete by 2033.

Younger generations, like Millennials and Gen Z, are exploring alternative retirement options due to this insecurity. Reports suggest that 20% of Gen Z and Generation Alpha respondents are open to receiving their pension in cryptocurrency, with 78% trusting alternative retirement savings more. Additionally, 60% of Gen Z and millennials plan to increase their crypto holdings.

The future sees a closer integration of cryptocurrency in retirement strategies, with 62% of respondents interested in Fidelity’s crypto-oriented IRA. Despite this enthusiasm, mainstream financial professionals and regulators, like the U.S. Department of Labor, warn against using cryptocurrency for retirement accounts due to concerns about volatility, fraud, and valuation issues.

Retirement advisor Ric Edelman recommends allocating 10% to 40% of a retirement portfolio to crypto. Despite some Americans dedicating 10% to 20% of their retirement savings to cryptocurrencies, caution is advised by financial experts against over-reliance on crypto for retirement planning.



Read more at Yahoo Finance: Social security funds are running out, new data shows