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President Donald Trump issued a victorious message as his Big Beautiful Bill cleared its first Senate hurdle after issuing a ...
The Social Security trust fund is expected to run out of money by 2033, according to a new report. Unless Congress acts before then, benefits for millions of retirees will be cut by 23%.
The trust funds that help pay Social Security benefits to millions of Americans are due to run out of money in less than a decade. In an annual report released on Wednesday, trustees of the Social ...
As Elon Musk took a figurative chainsaw to the Social Security Administration earlier this year, there were those, like U.S. Rep. John B. Larson (D-Connecticut), who suspect the move had a lot to ...
Anyone lucky enough to be cashing Social Security retirement checks of $5,108 per month now has annually earned at least an inflation-adjusted equivalent to $176,100 (in 2025 dollars) during at ...
After 2034, Social Security would only have enough funds to cover 81% of benefits. After 2033, Medicare’s hospital insurance trust fund would only be able to pay 89% of costs.
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 combined trust funds for Social Security are projected to run out in 2034, a year earlier than previously predicted, a board of trustees of the program’s accounts said in a new report ...
The Brief According to a recent report, money for Medicare and Social Security may run out by 2033 and 2035. Once funds are depleted, Medicare would only be able to cover 89% of patient costs. If ...