America's Social Security crisis is getting worse amid the coronavirus pandemic

Posted on AllSides August 7th, 2020
From The Left

Experts are warning that the economic effect of 55 million Americans filing for jobless claims and other issue amid the coronavirus pandemic will make the country’s Social Security crisis even worse.

The Old-Age and Survivors Insurance Trust Fund, which funds Social Security benefits, could deplete sooner than the projected 2035 date as fewer people pay into the system and the U.S. dollar continues to weaken.

“The coronavirus lockdown and current engineered artificial depression has made the Social Security system to be impaired as early as 2032,” Peter Earle, an economist...

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