Published 13 days ago

Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

The Social Security trust funds are projected to be depleted in 2035, a year later than the previous forecast, as per the annual report by its trustees.
After depletion, only 83% of benefits owed will be covered by payroll tax revenue and other income sources.
The trust fund for retirement and survivor benefits predicts full payments until 2033, matching last year's projection.

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Reuters

US Social Security, Medicare finances get slight boost from stronger economy

Trust funds supporting Social Security and Medicare benefits for U.S. seniors are showing some improvement due to stronger-than-forecast economic growth, productivity and immigration that is boosting revenue collections, according to trustees' reports released by the U.S. Treasury on Monday.

13 days ago·United Kingdom

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Associated Press News

Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'

The go-broke dates for benefit programs Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social

12 days ago·United States

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abc News

Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'

The go-broke dates for benefit programs Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report

13 days ago·United States

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CNN

Social Security will not be able to pay full benefits in 2035 if Congress doesn’t act. Medicare has a little more time

Americans’ Social Security benefits will be slashed in 2035 if lawmakers don’t act to address the pending shortfall, according to an annual report released Monday by the Social Security trustees. That’s one year later than previously forecast.

13 days ago·Atlanta, United States

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The Washington Post

Social Security and Medicare finances look grim as overall debt piles up

Dire new budget projections and high-stakes policy deadlines mean lawmakers may be forced to take up the issue — or face the consequences of inaction.

13 days ago

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KRDO

Social Security will not be able to pay full benefits in 2035 if Congress doesn’t act. Medicare has a little more time

By Tami Luhby, CNN (CNN) — Social Security and Medicare will not be able to fully pay benefits in just over a decade if lawmakers don’t act to address the pending shortfalls, according to reports released Monday by the entitlement programs’ trustees. While the trust funds’ finances improved slightly, they remain in dire shape. The combined Social Security trust funds – which help support monthly payments to the elderly, survivors and people with…

12 days ago·Colorado Springs, United States

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Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

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US Social Security, Medicare finances get slight boost from stronger economy

US Social Security, Medicare finances get slight boost from stronger economy

Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'

Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'

Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'

Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'

Social Security will not be able to pay full benefits in 2035 if Congress doesn’t act. Medicare has a little more time

Social Security will not be able to pay full benefits in 2035 if Congress doesn’t act. Medicare has a little more time

Social Security and Medicare finances look grim as overall debt piles up

Social Security and Medicare finances look grim as overall debt piles up

Social Security will not be able to pay full benefits in 2035 if Congress doesn’t act. Medicare has a little more time

Social Security will not be able to pay full benefits in 2035 if Congress doesn’t act. Medicare has a little more time

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