Keep in mind that 100% of the Social Security investments are in US Government Securities. THERE ARE NO RESERVES.
The Social Security Trust Fund will be depleted by 2034, based on current law projections. Payments to beneficiaries thereafter will be limited to program tax receipts. Source: 2015 OASDI Trustees Report.
Trust Fund obligations are considered “intra-governmental” debt, a component of the “public” or “national” debt. As of June 2015, the intragovernmental debt was $2.8 trillion of the $31 trillion national debt.
The Trustees project that the combined OASI and DI Trust Fund reserves will continue to decrease in 2022 because total cost ($1,243 billion) is expected to exceed total income ($1,196 billion) and that OASDI total cost will continue to exceed total income each year throughout the 75-year projection period.
The U.S. Federal Reserve currently holds $5.7 trillion of government debt (not including debt held under repurchase agreements). Prior to the COVID-19 public health and economic crisis, the Fed held only about $2.5 trillion in federal debt. The Federal Reserve printed money to loan it to the US Government. The Fed owns about 23% of the US Debt. (Thus the high inflation... the money spent was not borrowed per se, they just printed the $$$$$.)