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.
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security benefits are still projected to start running out, but a recent report released by the Treasury said benefits may not need to be cut until 2035, one year later than previously forecast. Trustees said that the Social Security trust funds ...
Social Security benefits could be cut in 2035, one year later than previously forecast
The Social Security Administration said Monday it has enough funds to pay all scheduled benefits and associated administrative costs until 2035, one year later than projected last year. "This year's report is a measure of good news for the millions of Americans who depend on Social Security,
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.
Better news for Social Security and Medicare doesn’t mean their problems have gone away
Unless Social Security is fixed, retirees could face cuts in 2033
The Social Security Administration said it has enough funds to pay benefits for retirees until 2033. After that, it would cover 79% of them.
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.
What's next for Social Security?
It's take Congress just over a decade to figure out the financial future of Social Security. According to a new report, the retirement program will no longer be able to pay full benefits after 2035. We get the latest from Scott Horsley,
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Social Security holds off insolvency until 2035, one year later than projected, thanks to stronger economy
The improved forecast was due to high levels of labor productivity and lower long-term disability incidence rate.
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Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says
A brighter economic outlook has helped push Social Security's projected trust fund depletion date to a year later. But ...
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Waiting until 2035 to fix Social Security would be like waiting until you reach the iceberg before turning the Titanic
If we try to wait until 2035 to fix Social Security, and we try to do it without massive hikes in taxes, we won’t be cutting ...