The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced ...
The Congressional Budget Office projected that the main trust fund Social Security uses to disperse benefits will be depleted in 2032.
The Congressional Budget Office now estimates that the Social Security retirement trust fund will run out of money in 2032.
Opinion
6don MSNOpinion
‘Doing nothing’ about Social Security means bankruptcy in 4 years and a 28% benefit cut
The nonpartisan Congressional Budget Office has sounded the alarm once more. The CBO reminds us that the current bipartisan consensus of enacting zero reform to Social Security means that the Old-Age ...
Opinion
8don MSNOpinion
Social Security’s trust fund is nearing insolvency, and the borrowing binge that may follow will rip through debt markets, economist warns
"Inflation may not wait for debt to pile up. It can arrive the moment Congress commits to that debt-ridden path." ...
11don MSN
Social Security could run out of money in just 6 years — even sooner than originally feared
Higher inflation and lower income taxes on benefits may weigh on the program’s trust funds.
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, urges swift and balanced Social Security reforms—adjusting benefits, ...
The nonpartisan office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by ...
Some popular fixes include subjecting wages over $400,000 to the payroll tax, gradually increasing the retirement age, and reducing benefits for top earners.
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