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Both programs are expected to need to cut monthly benefits in less than a decade as their trust funds run dry.
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 ...
That’s when the trust funds that underpin Social Security and Medicare are due to run low, which will mean that benefits get ...
The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could ...
Millions of older Americans depend on Social Security to cover their retirement expenses. But the fear is that the program ...
The number of retirees claiming Social Security at age 62 declined between 2019 and 2023 among men and women, according to ...
The Social Security trust fund will become unable to pay scheduled benefits to retirees and the disabled as soon as 2034, new ...
A new law is placing more urgency on lawmakers to make changes to Social Security, otherwise recipients will see lower ...
The Social Security fund will run dry in 2033, unless Congress combines the program’s old-age and disability funds, in which ...