Has Government Borrowed from Social Security?

Social Security is a separate, self-funded program. The federal government does, however, borrow from Social Security. Here's how: Social Security's tax revenue is, by law, invested in special U.S. Treasury securities.

How much of the national debt is borrowed from Social Security?

As of December 2000, more than a trillion dollars of the U.S. national debt is owed to the Social Security program. [1][2] This amounts to $3,600 for every man, woman, and child living in the United States.

At what age is Social Security no longer taxed?

At 65 to 67, depending on the year of your birth, you are at full retirement age and can get full Social Security retirement benefits tax-free. However, if you're still working, part of your benefits might be subject to taxation.

Robert Thorne

Robert Thorne

Automotive & Future Transportation Editor

Robert Thorne covers electric vehicle innovations, autonomous driving systems, global mobility trends, and automotive engineering developments.