Financial projections from both program trustees and the Congressional Budget Office (CBO) paint an alarming picture, the CRFB says: the trust funds that finance Social Security’s retirement program, ...
Some of the nation’s largest and most important programs are financed through government trust funds that collect dedicated ...
Social Security's retirement trust fund is on a path to insolvency in less than a decade, which would leave retirees facing an automatic 24% cut to their benefits if the trust fund is depleted, ...
Sens. Bill Cassidy (R-La.) and Tim Kaine (D-Va.) proposed a new method to account for the expected lapse in the Social Security Trust Fund. A June report from the program’s Old-Age and Survivors ...
The trustees for Social Security and Medicare released their annual report on the status of the entitlement programs' trust funds, which are expected to be depleted sooner than previously thought. The ...
Social Security is on track to deplete its trust funds by 2034, one year sooner than previously forecast, when the federal retirement program will be required to cut monthly benefits by about 20%. The ...
The Social Security trustees have released their annual report highlighting “the current and projected financial status” of the Social Security trust fund. And the media duly reported on the fund’s ...
The health and stability of the Social Security system are on the minds of Americans who are close to and in retirement. More than half of Americans who aren’t yet retired lack confidence that they'll ...