Social Security is Not Secure
According to the trustees of the Social Security trust fund, the costs of the program have exceeded the tax income since 2009. Until now, interest on the fund has been sufficient to make up the difference.
Starting in 2021, the costs are expected to exceed the total of tax income and interest, requiring the administrators to begin cashing in their U.S. treasury bonds. If nothing changed, the entire trust fund, 2.8 trillion dollars, was expected to reach zero in 14 years, in 2034.
But something did change. We have Covid-19. The recession will decrease tax collected, while the virus will reduce the number of survivors and therefore the cost.