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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 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.
Economic growth boosts Social Security and Medicare but funding crisis still looms
Federal officials said they expect Social Security will deplete its combined reserves and run out of money to fully pay beneficiaries in 2035.
Social Security projected to cut benefits in 2035 barring a fix
Without a major change, Social Security may be forced to cut benefits in 2035, a year later than previously forecast.
Social Security and Medicare Are Going Insolvent. Neither Biden nor Trump Has a Plan for It.
Social Security is expected to hit insolvency in 2035, while a portion of Medicare will be insolvent by 2036. What are we doing to do about it?
Social Security Benefits May Get Cut. What's Your Game Plan?
Social Security will owe more in scheduled benefits than it collects in revenue. Once the program's trust funds run dry, benefit cuts will be on the table. Save accordingly and set yourself up with different income streams to avoid being overly reliant on those benefits.
Social Security cuts loom
A new report out this week shows that the Social Security Trust will be unable to pay full benefits beginning in 2035. That's year later than previous estimates. Jason Matthews, from Matthews Financial & Insurance Solutions,
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.
Opinion
2d
Opinion
Editorial: Take all-of-the above path to saving Social Security
Life expectancy at birth has increased by nearly 16 years since the program started, yet the Social Security eligibility age ...
4d
Strong Labor Market Steadied Social Security and Medicare Funds
The financial health of Social Security and Medicare, two of the nation’s most crucial safety net programs, improved this ...
4d
on MSN
Social Security just passed Medicare as the government's most pressing insolvency risk
An annual government report offered a glimmer of good news for Social Security and a jolt of good news for Medicare even as ...
4d
on MSN
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 ...
3d
on MSN
Medicare Gets a New Warning About Coverage
Medicare recipients got a brutal warning this week as the Centers for Medicaid and Medicare Services appear to only be able to fully cover seniors for roughly the next decade.
2d
on MSN
Social Security funds barreling toward insolvency without a fix
Social Security trustees' report this week said the Old-Age and Survivors Insurance trust fund is on track to reach ...
Yahoo Finance
3d
Social Security, Medicare gain years before benefit cuts
My wife is 76, born in 1948. She retired at full retirement age and currently collects $1,076 per month. I will be retiring ...
12d
on MSN
Social Security isn’t keeping up with inflation. That could weaken Biden’s support among some seniors
Not long ago, senior citizens got the two biggest annual increases in their monthly Social Security checks that most had ever ...
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