Social Security Payouts to Top Revenue This Year

Economists have said for some time that the Social Security fund would run out of money sometime between 2035 and 2040. At that point, it won't be able to provide older Americans any safety net at all. This year the fund will take its first step toward the grave as payouts exceed collections, according to the Congressional Budget Office (CBO). The red ink will be $29 billion. That's against total payouts of $7.08 trillion.