The Social Security Trust Fund Is Rapidly Approaching Insolvency

 The Old Age and Survivors Insurance Trust Fund was established in 1939 as the depository of all Social Security payroll taxes collected by the government. After benefits were paid, the surplus was invested in non-marketable U.S. Government bonds....

There would be a ripple effect throughout the economy. Consumer spending would drop, and growth would slow.

https://seekingalpha.com/article/4882274-the-social-security-trust-fund-is-rapidly-approaching-insolvency