“The Federal Reserve has held interest rates artificially low for decades. This causes all kinds of distortions and misallocations in the economy.
And it’s creating quite a problem for the Social Security Administration.
The Social Security Trust Fund, also known as the Old-Age and Survivors Insurance (OASI) Trust Fund, closed fiscal 2021 with a balance of $2.76 trillion. That was down by 2.0% from a year earlier. It was the second annual decline of Trust Fun since 1990. The first occurred in 2018.”