Eezyville@sh.itjust.works to News@lemmy.worldEnglish · 1 day agoTrump announces plan to stop making new pennies, citing production costswww.usatoday.comexternal-linkmessage-square84fedilinkarrow-up1177arrow-down19file-text
arrow-up1168arrow-down1external-linkTrump announces plan to stop making new pennies, citing production costswww.usatoday.comEezyville@sh.itjust.works to News@lemmy.worldEnglish · 1 day agomessage-square84fedilinkfile-text
minus-squareHexPat@lemm.eelinkfedilinkEnglisharrow-up3·10 hours agoWhat part of the deficit is Social Security? It’s self-funded, no?
minus-squareteawrecks@sopuli.xyzlinkfedilinkarrow-up1·edit-29 hours agoThe boomer generation is getting old. There are more people drawing from SS than paying into it. As a result, social security has been running a deficit since 2010 In 2023 social security made up 1.3T, or ~20% of our deficit. According to a report last year, at this rate the social security fund will deplete in 2035
What part of the deficit is Social Security? It’s self-funded, no?
The boomer generation is getting old. There are more people drawing from SS than paying into it.