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Every year the Social Security and Medicare Boards of Trustees issue reports on the fiscal health of these vital programs.
https://www.pgpf.org/analysis/social-security-medicare-trustees-reports
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
Social Security is the primary source of government-funded retirement support in the United States.
https://www.pgpf.org/blog/2022/11/social-security-reform-options-to-raise-revenues
Discretionary spending is projected to stay below its historical share of GDP.
https://www.pgpf.org/chart-archive/0177_discretionary_low_levels
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for Feburary 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-february-2024
The number one financial worry for Americans is having enough money for retirement — and for good reason.
https://www.pgpf.org/blog/2016/06/six-challenges-to-retirement-security
The report anticipates that in 2020 — for the first time since 1982 — the program’s total costs will exceed its total income.
Four analyses project a more rapid depletion of Social Security trust funds as a result of coronavirus, outpacing previous depletion projections.
Without income from Social Security, two thirds of the elderly would be considered poor.
https://www.pgpf.org/blog/2018/09/what-effect-does-social-security-have-on-poverty