How is social security in the US at risk of running out of funding, if every tax payer pays into it?

Question

How is social security in the US at risk of running out of funding, if every tax payer pays into it?

In: 1004

Answer 1

There is no social security the way you’re thinking of it. There is no account with your name on it. There is no pool that you’re contributing to.

Social Security is a redistributive tax. Those paying today are funding those that are collecting now. With the number of people paying becoming smaller, it’s harder to fund it. You also have inflation and cost of living increases.