{"id":5269,"date":"2026-08-14T13:09:56","date_gmt":"2026-08-14T13:09:56","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5269"},"modified":"2026-08-14T13:09:56","modified_gmt":"2026-08-14T13:09:56","slug":"social-security-is-celebrating-its-91st-birthday-it-wont-live-to-100-watchdog-warns","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5269","title":{"rendered":"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns"},"content":{"rendered":"
\n

The Committee for a Responsible Federal Budget marked the occasion by noting that the retirement program\u2019s trust fund is projected to be depleted in six years, triggering an automatic benefit reduction of about 22% under current law. For the average beneficiary, the group estimates, that would amount to roughly $500 less a month\u2014a cut larger than the average retired household\u2019s monthly grocery spending.<\/p>\n

Read more Current price of oil as of August 14, 2026<\/a><\/p>\n

\u201cAs policymakers blow out the candles on Social Security\u2019s 91st birthday,\u201d CRFB President Maya Macguineas said, \u201cthey are doing far too little to ensure its continued longevity. Social Security won\u2019t make it past age 97 as things currently stand \u2013 at least not in its current form.\u201d<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

The best birthday gift for Social Security would be a solvency package, she said, to ensure that its 70 million beneficiaries and 237 million contributors know they\u2019ll still have benefits, six years from now. <\/p>\n

The warning underscores the narrowing political window for an issue Washington has repeatedly deferred. Social Security is financed primarily through payroll taxes, but aging demographics and a comparatively smaller working-age population have left the system paying out more than it takes in. Once the retirement trust fund is exhausted, the program would still collect payroll-tax revenue\u2014but it could not legally borrow to cover the difference, requiring payments to be cut to match incoming funds.<\/p>\n

A costly choice<\/h2>\n

The group said simply substituting general federal revenue for the missing trust-fund dollars would not resolve the underlying financing problem. It estimates that approach would add $190 trillion to federal debt over 75 years, while fundamentally changing Social Security from a self-financed contributory program.<\/p>\n

That puts policymakers in an increasingly familiar bind: raise more revenue, curb the growth of future benefits, change eligibility rules, or combine elements of all three. Each path carries political consequences, particularly for a program whose beneficiaries include older Americans living on fixed incomes and workers who have paid payroll taxes throughout their careers.<\/p>\n

Read more A value investor\u2019s reluctant case for gold<\/a><\/p>\n

\n
<\/div>\n<\/div>\n

The committee has floated several possible measures through its Trust Fund Solutions Initiative, including changes to taxation of Social Security benefits, a cap on cost-of-living adjustments for higher earners, an employer-side compensation tax, and limits on benefits for some higher-income couples.<\/p>\n

The impact would be widespread<\/h2>\n

The consequences of inaction would not be confined to retirees. In a recent state-by-state analysis, the group found that average benefit cuts would exceed $500 in 29 states. In the hardest-hit states, it estimated that as much as 22% of the population could be affected and the economic damage could equal as much as 1.9% of gross domestic product.<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

The group is pushing Congress to create a bipartisan commission or similar process to develop a long-term package, arguing that such structures have helped build consensus around prior Social Security overhauls. The last major bipartisan reform, enacted in 1983, extended the system\u2019s solvency for roughly five decades.<\/p>\n

\n
<\/div>\n<\/div>\n

For now, Social Security\u2019s birthday remains a celebration of one of the New Deal\u2019s most durable achievements. But the watchdog\u2019s message is that the anniversary should also serve as a deadline warning: The country has time to avoid abrupt cuts\u2014but considerably less time to avoid difficult choices.<\/p>\n

\n
<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n

For this story,\u00a0<\/em>Fortune\u00a0journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing.<\/em><\/p>\n

Read more Glenn\u00a0Fogel\u00a0runs the world\u2019s largest online travel business. He still\u00a0personally\u00a0reads customer complaints because\u00a0\u2018you\u00a0gotta\u00a0get that sh*t right\u2019<\/a><\/p>\n

\n
<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“Social Security won\u2019t make it past age 97 as things currently stand,” said the CRFB’s Maya Macguineas. “At least not in its current form.”<\/p>\n","protected":false},"author":1,"featured_media":5268,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143],"tags":[],"class_list":["post-5269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-security"],"yoast_head":"\nSocial Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=5269\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\""Social Security won\u2019t make it past age 97 as things currently stand," said the CRFB's Maya Macguineas. "At least not in its current form."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=5269\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-14T13:09:56+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns\",\"datePublished\":\"2026-08-14T13:09:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269\"},\"wordCount\":598,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/036498b8991dbea877440b3c34df9ae7.webp\",\"articleSection\":[\"Social Security\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269\",\"name\":\"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns - Cross Country Moving Team\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/036498b8991dbea877440b3c34df9ae7.webp\",\"datePublished\":\"2026-08-14T13:09:56+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269#primaryimage\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/036498b8991dbea877440b3c34df9ae7.webp\",\"contentUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/036498b8991dbea877440b3c34df9ae7.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5269#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\",\"name\":\"Cross Country Moving Team\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/crosscountrymovingteams.com\"],\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns - Cross Country Moving Team","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crosscountrymovingteams.com\/?p=5269","og_locale":"en_US","og_type":"article","og_title":"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns - Cross Country Moving Team","og_description":"\"Social Security won\u2019t make it past age 97 as things currently stand,\" said the CRFB's Maya Macguineas. \"At least not in its current form.\"","og_url":"https:\/\/crosscountrymovingteams.com\/?p=5269","og_site_name":"Cross Country Moving Team","article_published_time":"2026-08-14T13:09:56+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/crosscountrymovingteams.com\/?p=5269#article","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5269"},"author":{"name":"admin","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"headline":"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns","datePublished":"2026-08-14T13:09:56+00:00","mainEntityOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5269"},"wordCount":598,"commentCount":0,"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5269#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/036498b8991dbea877440b3c34df9ae7.webp","articleSection":["Social Security"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/crosscountrymovingteams.com\/?p=5269#respond"]}]},{"@type":"WebPage","@id":"https:\/\/crosscountrymovingteams.com\/?p=5269","url":"https:\/\/crosscountrymovingteams.com\/?p=5269","name":"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns - Cross Country Moving Team","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5269#primaryimage"},"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5269#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/036498b8991dbea877440b3c34df9ae7.webp","datePublished":"2026-08-14T13:09:56+00:00","author":{"@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"breadcrumb":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5269#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crosscountrymovingteams.com\/?p=5269"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/crosscountrymovingteams.com\/?p=5269#primaryimage","url":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/036498b8991dbea877440b3c34df9ae7.webp","contentUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/036498b8991dbea877440b3c34df9ae7.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/crosscountrymovingteams.com\/?p=5269#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crosscountrymovingteams.com\/"},{"@type":"ListItem","position":2,"name":"Social Security is celebrating its 91st birthday. It won\u2019t live to 100, watchdog warns"}]},{"@type":"WebSite","@id":"https:\/\/crosscountrymovingteams.com\/#website","url":"https:\/\/crosscountrymovingteams.com\/","name":"Cross Country Moving Team","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crosscountrymovingteams.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/crosscountrymovingteams.com"],"url":"https:\/\/crosscountrymovingteams.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/5269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5269"}],"version-history":[{"count":0,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/5269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/media\/5268"}],"wp:attachment":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}