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The Medicare and Social Security trust funds are lurching toward insolvency. Social Security is projected to cover only 81% of benefits by 2034 and Medicare just 89% by 2033.
The average retired worker benefit in May 2025 hit $2,002.39, according to the Social Security Administration.
Retirement and disability funds face depletion in the next decade, with Congress urged to act to correct the looming shortfall.
Applicants will be required to make their social media profiles “public” and will be screened for “hostile attitudes” toward ...
Most people won't, but it's at least worth knowing how to get yourself closer to this number.
"Sometimes we'll factor into a plan, 'Well, what if Social Security is reduced by 20% or 30%?' So we can look at these different hypotheticals and how they would change your plan." ...
That's when the trust funds that underpin Social Security and Medicare are due to run low, which will mean that benefits get cut by a statutory amount. While Social Security gets most of the attention ...
Millions of older Americans depend on Social Security to cover their retirement expenses. But the fear is that the program ...
Alarm Bells Ring as Social Security Faces Depletion Within a Decade** A newly released report from the Social Security Board of Trustees has delivered alarming news that should ...
The go-broke date — or the date at which the programs will no longer have enough funds to pay full benefits — was pushed up to 2033 for Medicare’s hospital insurance trust fund, according to the new ...
Social Security's reserves could be depleted by 2033, according to the 2025 Social Security and Medicare Trustees annual report released Wednesday.
The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could ...
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