Social Security is spending more money than it is taking in, and these deficits are only expected to get worse over time, until the program completely runs out of money in about a decade. If you’re wondering why Social Security is in suboptimal financial condition, watch this short video that explains exactly why with a few simple statistics.

*Stock prices used were the morning prices of Jan. 15, 2025. The video was published on Jan. 15, 2025.

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The $22,924 Social Security bonus most retirees completely overlook

If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $22,924 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Simply click here to discover how to learn more about these strategies.

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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.