Social Security’s Funding Crisis Has Arrived

Now, 10,000 postwar babies are reaching 65 every day and retiring to draw Social Security benefits. This year, 65 million Americans, or 20% of the population, are receiving over $1 trillion in benefits, including 90% of those over 65. And many currently employed are in the relative sparse baby bust generation that followed the postwar babies, the last of whom were born in 1964.