Social Security Board of Trustees: Projection for Combined Trust Funds One Year Sooner than Last Year

Social Security on track to run out of money for full payouts by 2034, report finds

Social Security could run out of funds to fully pay out benefits to millions of people in less than 10 years. CBS News MoneyWatch associate managing editor Aimee Picchi has the details.

Social Security Now Headed For Insolvency Even Sooner Than Expected

Social Security will be unable to pay full retirement and disability benefits by 2034, one year earlier than previously projected.

SS 'fund' expected to run out a year earlier - but 2 steps can avoid 'depletion'

SOCIAL Security recipients could miss out on their full benefits even earlier than initially expected. It comes as the Social Security Administration (SSA) navigates a financial crisis involving the money set aside for qualifying Americans. GettySocial Security is expected to have depleted funds a year earlier than before (stock image)[/caption] The SSA’s cash comes primarily from two trust funds. First is the Old-Age and Survivors Insurance (OA…

Social Security Board of Trustees: Projection for Combined Trust Funds One Year Sooner than Last Year

Combined Funds Move One Year Sooner to 2034; OASI Remains at 2033 The Social Security Board of Trustees today released its annual report on the financial status of the Social Security Trust Funds. The combined reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to have enough dedicated revenue to pay all scheduled benefits and associated administrative costs until 2034, one year earlie…

Social Security Funds Projected to Run Out by 2034

Key Takeaways: Social Security trust funds may run out by 2034, one year earlier than previous estimates. This could affect payments for retirees, disabled individuals, and survivors. Current beneficiaries will still receive payments, but future cuts might occur. The economy, birth rates, and longevity impact the program’s finances. What’s Happening to Social Security? In a recent report, trustees overseeing Social Security revealed that the pr…

Social Security Board of Trustees: Projection for combined trust funds one year sooner than last year

INDIANA- The Social Security Board of Trustees today released its annual report on the financial status of the Social Security Trust Funds. The combined reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to have enough dedicated revenue to pay all scheduled benefits and associated administrative costs until 2034, one year earlier than projected last year, with 81 percent of benefits p…