Thanks to seemingly never-ending announcements regarding Social Security policies, seniors who are close to retiring may be ...

The latest version of the GOP’s “big, beautiful bill,” which passed both houses of Congress this week and is headed to ...

In the United States, the age at which workers can claim 100% of their Social Security benefits has been steadily increasing, ...

The Social Security trust fund is not a real asset but a paper entry of IOUs that the government must borrow to cover, meaning that the fund’s current surplus is just a mirage and the future ...

On the Medicare side, the Hospital Insurance (HI) trust fund is now forecast to exhaust its reserves in 2033, three years sooner than projected in last year’s report. Goldwein emphasized that the ...

Trump says the "Big Beautiful Bill" eliminates taxes on Social Security benefits. However, the bill's text shows that's not ...

Last year, the Social Security Trustees projected that the program’s combined trust funds could be out of money by 2035. In their most recent report, they moved that timeline up a year.

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 ...

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.

Under current law, when that trust fund is empty, Social Security can pay benefits only from dedicated tax revenues, which would, by that point, cover only about 79% of promised benefits.

The Social Security fund will run dry in 2033, unless Congress combines the program's old-age and disability funds, in which case insolvency would arrive in 2034, the report found.