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Social Security retirement trust fund may be depleted in less than a decade, new trustees' report finds
The Social Security Administration has updated its projections for how long the trust funds it relies on to help pay benefits may last.
Social Security insolvency date could hit a year earlier, report says
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.
Social Security fund could run dry ahead of earlier forecast, trustees say
The annual report forecasts the date when the trust funds will run out of money, triggering sharp automatic cuts in benefits. Here’s what you need to know.
Social Security may run dry earlier than previously anticipated, trustees say
The trust funds for Social Security and Medicaid will run out of money in as little as 8 years, a shorter time frame than previously estimated, according to a report issued Wednesday by the programs’ trustees.
Social Security’s Potential Insolvency Date Moves Up One Year
To keep paying full benefits to retired and disabled Americans in 2034, Congress would need to find additional revenue or borrow more money.
Medicare, Social Security go-broke dates pushed up. Here’s when the new date is
The go-broke dates for Medicare and Social Security ‘s trust funds have moved up as rising health care costs and new legislation affecting Social
Retirees could see benefits cut sooner with Social Security insolvency speeding up
Medicare and Social Security retirement benefits are expected to be exhausted sooner than previously thought, a trustees' report shows.
Social Security could run out sooner than you think
When Social Security was first signed into law by President Franklin D. Roosevelt in August 1935, it created a crucial lifeline for Americans as they navigated their golden years. Roosevelt was passionate about the law,
Social Security’s Trust Funds Will Run Out of Money in Less Than 10 Years
Funding that Social Security relies on to pay benefits will run out one year earlier than previously projected, according to a new report published Wednesday. In its annual update, the Social Security Board of Trustees said the reserves in two trust funds tapped to supplement a shortfall in revenue will now be depleted in 2034,
Social Security’s go-broke date pushed up in new report
The combined trust funds for Social Security are projected to run out in 2034, a year earlier than previously predicted, a board of trustees of the program’s accounts said in a new report released Wednesday.
The Miami Times3d
Retirement, interrupted: Why those over 55 are a fast-growing segment of the workforce
From 2003 to 2023, there was a sizable jump in people 55 and older still in the workforce — nearly a 74% increase — but there ...
4 Key Reasons Retirement Is Out of Reach for Many Older Americans
For many, retirement isn't a planned date but a moving target that's difficult to reach. Here are some key reasons retirement ...
If you're in your 50s with $650K in a 401(k), but anxious about retirement, here are things you need to do
Is $650K enough for retirement? A 2024 Allianz Life survey found that 63% of Americans are more concerned about running out ...
Work till you drop? Here's why America's average retirement age keeps rising.
A prominent economist set out to determine whether America's rising average retirement age will ever level off.
WKYT11mon
AARP: 1 in 5 Americans over 50 have no retirement savings
(InvestigateTV) — A recent AARP survey finds 1 in 5 Americans over 50 have no retirement savings. David John, Senior Policy Advisor at AARP is worried about the people not prepared for ...