Officially called the “2019 Annual Report of the Board of Trustees of the Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds”

But for us regular folks, the 2019 Social Security report was released today.

And lemme tell ya. It ain't pretty.

Highlights include:

• $83B earned on $2.9T in assets. A return of 2.8%
• Starting in 2020 (…that’s next year!), Social Security costs will exceed the money it earns from interest and taxes
• In 15 years, the main SS fund will be fully depleted.

From page 2 (page 2!) of the report:

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