Social Security is rapidly approaching insolvency. The retirement trust fund is seven years from exhaustion, and the theoretically combined trust funds are nine years from running out.
The United States borrowed $1.8 trillion in Fiscal Year (FY) 2025 according to the latest Monthly Treasury Statement from the Treasury Department. This deficit is similar to last year’s, despite an ...
Social Security is the single largest federal spending program, providing cash benefits to 60 million seniors, disabled workers, and family members. Yet with life expectancy growing and millions of ...
The Social Security retirement and Medicare Hospital Insurance (HI) trust funds are approaching insolvency, with both trust funds expected to be depleted in just seven years. Without action, retirees ...
Fox Business: Social Security benefits face 24% cut in less than a decade as trust fund dries up, new analysis reveals ...
Social Security provides benefits to 70 million Americans and for 40 percent of seniors it makes up the majority of their family income. But in just seven years – when today’s 60-year-olds reach their ...
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