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The Social Security system has been battered in the current financial crisis as bad as any other 'retirement fund' and according to an in depth analysis by the Associated Press demand is skyrocketing as, "Applications for retirement benefits are 23 percent higher than last year, while disability claims have risen by about 20 percent." Is Social Security able to handle the increase, or as some say, is it going broke?

People argue both sides but the certain answer is that eventually - unchanged - yes, it ill go broke. For now, even with the "Big job losses, (and the) spike in early retirements (and) claims from seniors (that have) swamp(ed) Social Security system," they say it can handle the load.


According to the analysis from Associated Press Writer Stephen Ohlemacher, "The deficits — $10 billion in 2010 and $9 billion in 2011 — won't affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the overall federal deficit."