"There are currently 2.8 workers for each Social Security beneficiary. By 2035, there will be 2.2 covered workers for each beneficiary."
"In 2016, nearly 61 million Americans will receive approximately $918 billion in Social Security benefits"
https://www.ssa.gov/news/press/facts...icfact-alt.pdf
"...Beginning in 2020, however, they project the OASDI annual cost will exceed total income, so the trust fund reserves will be drawn down until they are depleted in 2034—the same year as estimated last year. After trust fund reserve depletion, continuing income is sufficient to pay 79 percent of program cost, declining to 74 percent for 2090."
Summary: Actuarial Status of the Social Security Trust Funds, June 2016
You're right. My mistake. I had read in several places where we had depleted the 80's surplus. Can't find it now, so I've got no quote to back me up. According to SSA we now have until 2020 before the cost exceeds the income.