According to the most recent Social Security Trust Fund report, that’s the amount of time until the trust fund assets equal one year of payments. The Disability Fund, due to the simultaneous decline in revenues and skyrocketing of those receiving benefits from the fund since 2007, will need a bailout in 2016.
In all likelihood the hazunga will hit the fan on Social Security during the next presidential term.
Bruce Krasting, who generally stays on top of this issue, has more analysis.
