Social Security, Transfer Receipts, and the Real Macro Risk: Why “75% Payable” Is Not a Footnote The Social Security debate is often reduced to a single headline: “Around 2032–2033, the system can only pay ~75% of promised benefits.” That framing is incomplete. The bigger issue is macroeconomic: transfer receipts have become a structural pillar of U.S. personal … [Read more...] about What about social security by 2032 the US gov will only be able to pay 75% of benefits owed?