Social Security Trust Fund

The Social Security Trust Fund is a government account that holds surplus Social Security revenues collected from workers' payroll taxes. This fund helps ensure that current and future retirees receive their benefits. When the tax income exceeds the benefits paid out, the surplus is invested in government bonds, which earn interest. If Social Security payments exceed the revenue, the fund uses these savings to cover the gap. The trust fund is crucial for maintaining the financial stability of the Social Security program, which provides retirement, disability, and survivor benefits to millions of Americans.