AARP Warns Social Security May Pay Only 80% of Benefits by 2034 as Host Slams Uncertainty
Updated
Updated · MyNorthwest · Nov 15
AARP Warns Social Security May Pay Only 80% of Benefits by 2034 as Host Slams Uncertainty
1 articles · Updated · MyNorthwest · Nov 15
Summary
AARP said Social Security’s combined trust funds are projected to run out in 2034, leaving continuing revenue to cover about 80% of promised benefits unless Congress acts.
34% of GDP in 2025 came from wages subject to Social Security taxes, down from 41% in 1983, as more income shifted to investments, business profits and earnings above the payroll-tax cap.
$10.8 trillion in additional revenue would have been raised from 1984 to 2034 if that earlier wage share had held, AARP estimated, enough in its model to extend full benefits through 2059.
Ursula Reutin called the repeated warnings "unacceptable," saying the uncertainty fuels panic and tax fears, while co-host Gee Scott said he has long assumed he may never receive benefits.