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  Can I borrow from my future Social Security benefits?
  Question
  Can I borrow from my future Social Security benefits?
  Answer
 

No. The Social Security program is not intended to be a source from which people can borrow.

The Social Security benefit program is a system of social insurance designed to protect workers and their families against the loss of earnings due to retirement, severe and extended disability, or death. Benefits are intended to replace part of the earnings lost to the worker and the family when the worker retires, becomes disabled, or dies. The Social Security taxes that employees and employers pay on workers' earnings are not placed in an individual worker's account, but are pooled in special funds from which benefits are paid to eligible workers and their families. If people were permitted to borrow from the Social Security trust funds, the funds would not be available to pay benefits. In addition, there would be problems when people were unable to repay the money they borrowed or when they became disabled or died before repayment.


 
 
 
  
 
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