Social Security trust funds projected to run out of money

The Social Security system has relied for many years on income earned by its two trust funds to help cover the costs of the benefits it provides millions of Americans. Although they held nearly $3 trillion in 2020, projections indicate that the funds could be completely depleted by the mid-2030s without big policy changes, such as tax increases and benefit reductions. Most of the people who get these benefits are retired workers and their dependents. Others are the survivors of deceased workers, people with disabilities or the dependents of disabled workers.