Social Security Will Be Solvent for the Rest of the Century

While we wait for results from Alabama, I have some good news to share. I was browsing through the 2017 Social Security Trustees report, and it turns out that Social Security will be solvent through the rest of the century. Here’s their chart of how things look based on different estimates of economic growth:

As we all know, the official OMB/Treasury estimate of future economic growth is 2.9 percent, which means the trust fund will be flush with cash far into the future. This means everyone can stand down and leave Social Security alone. In fact, it’s doing so well that Congress might want to think about raising benefits. Hooray!

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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