Social Security needs a major overhaul to ensure it lasts, and every day that's put off, it grows more costly for Americans.
The program relies primarily on payroll taxes to fund benefits, and that money is then funneled out to current beneficiaries.
First, previous estimates had Social Security's trust funds running dry in 2034. This year's report pushes that depletion ...
This year's Trustees Report also indicates that once Social Security's trust funds are depleted, the program should be in a ...
On May 6, 2024, Secretary of the Treasury Janet Yellen co-authored a letter alerting Congress that the OASI Trust Fund ...
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The figure for projected benefit cuts has also moved significantly, depending on fluctuating economic conditions and other ...
One disappearing option is the chance to invest a portion of trust fund reserves in equities, Munnell says, noting this is an ...
The recently released Social Security Trust Fund report on the financial outlook for the program is a frightening incentive ...
Social Security trustees just published their annual report about the program’s finances. They predict that the combined $2.8 trillion retirement and disability trust fund will run dry in 2035 – ...
The projected depletion dates for Medicare and Social Security have been delayed according to the annual trustees report ...
Social Security trustees just published their annual report about the program’s finances. They predict that the combined $2.8 trillion retirement and disability trust fund will run dry in 2035, just ...