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Social Security’s Potential Insolvency Date Moves Up 1 Year

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 · 8h

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 · 5h

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

Newsweek on MSN · 9h

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 said it could have negative impacts on vulnerable recipients, while supporters have said the change is long overdue.

The Boston Globe · 11h

Social Security claims are surging, in part because of Trump. When should you take your benefits?

Shaken by the unpredictability of the Trump administration and other factors, some are claiming their benefits earlier than planned.

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.

14hon MSN

President Donald Trump Broke His Vow Not to Tax Social Security Benefits -- and Retirees Are Being Given This Concession Instead

Although Donald Trump didn't hold up his end of the bargain by eliminating the taxation of benefits, select retirees are ...

7hon 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 ...

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 ...

1don MSN

Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law

The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new ...

1don MSN

Social Security, Medicare finances worsen, bringing funding cliffs sooner

The latest projections come amid bitter political and legal fights over the Trump administration’s early efforts to crack down on alleged fraud in Social Security programs.

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Social Security’s Potential Insolvency Date Moves Up 1 Year

Social Security benefits face big cuts in 2033

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