Despite Decades of Warnings, Social Security and Medicare Depletion Dates Have Been Getting Closer
The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.
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The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
Several federal programs that are governed by trust funds are facing serious funding shortfalls. As a result, such trust funds, including the retirement portion of Social Security, Medicare’s Hospital Insurance Trust Fund, and the Highway Trust Fund, are projected to be exhausted in the near future.
The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
The report projects that in 2018 — for the first time since 1982 — the program’s total costs will exceed its total income.
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
Michael A. Peterson releases a statement on the reports from Social Security and Medicare Trustees.
The paper examines the close linkage between America's fiscal health and economic performance.
https://www.pgpf.org/blog/pgpf-special-report-fiscal-balancing-act
The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.
https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election
“Today’s new survey shows that fiscal concerns are top of mind in this election, and they want leaders who are committed to solutions,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/04/fci-press-release