You are using an older browser version. Please use a supported version for the best MSN experience.

What Social Security will look like in 2035

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 21: The future of Social Security remains uncertain, leaving people with Social Security asking questions like "Will Social Security run out?" According to the 2017 annual report of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund, Social Security's income is expected to exceed its expenses only until 2021. The report projects that reserves will be fully depleted by 2034. Projected annual taxes are expected to cover only about three-quarters of the benefits each year after that. Click through to discover more unsettling things about Social Security — and just what the future might hold.

Learn the policy options with Social Security running out

The future of Social Security remains uncertain, leaving people with Social Security asking questions like "Will Social Security run out?" According to the 2017 annual report of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund, Social Security's income is expected to exceed its expenses only until 2021. The report projects that reserves will be fully depleted by 2034. Projected annual taxes are expected to cover only about three-quarters of the benefits each year after that.

Click through to discover more unsettling things about Social Security — and just what the future might hold.

© M_a_y_a / iStock.com

More from GOBankingRates

GOBankingRates
GOBankingRates
AdChoices
image beaconimage beaconimage beacon