Young People Always Worry About Social Security. Older People Are Joining Them.
UNITED STATES, JUL 23 – Trustees report the Social Security trust fund will be exhausted by early 2033, requiring a 26% cut in benefits due to demographic shifts and longer lifespans of beneficiaries.
3 Articles
3 Articles
Social Security: Insolvency date keeps getting closer
Time is running out to avert a Social Security cataclysm, said William A. Galston in The Wall Street Journal. The program's trustees warned in a recent report that the Social Security trust fund "will be exhausted in the first quarter of 2033"—nine months earlier than they predicted a year ago—at which point benefits will be cut by 26%.A few factors explain why the coffers are being drained: The over-65 population has nearly doubled since 2000, …
Social Security: Young Americans May Lose $110,000 to Keep Program Afloat
Voice is AI-generated. Inconsistencies may occur. Social Security, a foundational program for U.S. retirees and disabled Americans, has come under renewed scrutiny as funding shortfalls loom. A new report by the Cato Institute warned that today's young workers might lose up to $110,000 in lifetime…
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