Javascript is not enabled.

Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.

Do Social Security Contributions Earn Interest? Skip to content

Check out the 10th anniversary edition of ’99 Great Ways to Save,’ AARP’s annual guide to saving money.

 

Do my Social Security contributions go into a personal retirement account for me and earn interest?

En español | No. Social Security operates under a modified pay-as-you-go system, which means that contributions by today's workers generally pay the benefits of current retirees.

Contributions that are not needed to pay current beneficiaries remain in trust funds. When today's wage earners retire, their benefits will be paid by the contributions of younger workers.

Published October 10, 2018

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

GO TO THIS ARTICLE