Social Security trust fund will be exhausted by 2037

Stocks fell as an unexpected jump in American jobless claims, traders concern the economic rebound is slowing. S&P500 slipped 1.43 points to 1,125.81. The jobless claims number tell us that employers lack the confidence to expand their production because they’re uncertain how much momentum is out there.

Social Security will reach its tipping point this year. For the first time in nearly 30 years, the system will pay out more benefits than it receives in payroll taxes both this year and next, the government officials who oversee Social Security said on Thursday. The trustees report also said the Social Security trust fund will be exhausted by 2037.

Is that unbelievable to you? I thought Social Security fund is the saving we add up from every pay check, and we should able to enjoy our retirement with it. It just like telling you that the bank will exhausted or bankrupt in the future by the time you depositing your money (day after day). But, you have no choice because there is only one bank in US and it is compulsory.

well, I guess I have to work harder on my trading business instead of relying on Social Security. I still waiting for the extreme buying mode happen at 1140-1150, so that I can place my short order. Market is in a narrow trading range last three days. Be very careful, never hold your long or short position overnight when the market with so narrow trading range. It's very risky because it will go either way for some news or reports.