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Social Security’s Potential Insolvency Date Moves Up 1 Year

CBS News on MSN · 2h

Social Security insolvency date could hit a year earlier, report says

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 new projection,

USA TODAY on MSN · 7h

The Social Security crisis is coming one year earlier than we thought

The Social Security shortfall date just moved a little bit nearer. New federal projections, released on June 18, show that the combined Social Security trust funds will pay 100% of benefits until 2034 before becoming depleted. That date is one year earlier than the Social Security Administration reported a year ago.

Independent Journal Review · 4h

Social Security Now Headed For Insolvency Even Sooner Than Expected

Social Security will be unable to pay full retirement benefits by 2034, one year earlier than previously projected, according to

Social Security benefits face big cuts in 2033

The New York Times · 22h

Social Security’s Finances Erode Further, Risking Benefit Cuts

The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could lead to payment cuts in eight years.

Fox Business on MSN · 9h

Social Security trust fund now projected to run dry in 2034, triggering massive benefit cuts

The Medicare and Social Security trust funds are lurching toward insolvency. Social Security is projected to cover only 81% of benefits by 2034 and Medicare just 89% by 2033.

Investopedia on MSN · 4h

Social Security Trust Fund Reserves Could Be Depleted by 2034. What That Means for Benefits.

Key Takeaways The reserves of the trust funds the Social Security Administration relies on to pay 68 million beneficiaries could be depleted by 2034, according to a report released Wednesday.Once the reserves run dry,

8hon MSN

Social Security Makes Major Change to Payments: What to Know

This includes Social Security payments, a small number of which are still issued via paper checks. Critics of the policy have ...

6hon MSN

Social Security will stop sending paper checks soon. How to make sure you still get your benefits on time.

Ida Mae Fuller got the first Social Security check in 1940. Now, 85 years later, the last beneficiaries to receive paper ...

3h

FDR's grandson discusses Social Security, Medicare go-broke dates being moved up

A new report says rising health care costs have pushed up the go-broke dates for Medicare and Social Security. Former ...

2don MSN

Social Security Payments: Checks Worth Up to $5,108 Due This Week

The cost-of-living adjustment, commonly referred to as COLA, has been a long-standing element of Social Security benefits, ...

8hon MSN

I’m ready to retire, and considering taking my ex-husband’s Social Security at 65 and cashing out my 401(k). But should I?

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