As Social Security withers, Congress dithers (Editorial)
Congress is doing nothing as the trust funds near exhaustion, a gap that would cut Social Security benefits 23% and Medicare spending 11%, officials said.
5 Articles
5 Articles
Social Security's Clock Speeds Up: Insolvency Nears as Lawmakers Run Out of Time
The Old-Age and Survivors Insurance trust fund stands just six years from depletion. Updated projections show it running dry by 2032. After that, incoming payroll taxes would cover only about 72 percent of scheduled benefits. A sharp cut would hit millions of retirees overnight. But the numbers tell a story larger than one trust fund. Demographics drive much of the pressure. More Americans than ever draw benefits while fewer workers pay in. The …
Social Security Insolvency Fears Grow As Trust Fund Reserves Face 2033 Depletion — Here's What To Know
Social Security insolvency has become a growing concern among Americans, many of whom worry their benefits could be unavailable by the time they reach retirement age, Yahoo! Finance reports. The 2025 Social Security Board of Trustees report noted that “the fund’s reserves will become depleted,” with the program able to pay 100% of scheduled benefits only through 2033 — three calendar quarters earlier than projected in last year’s projection. Aft…
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