Despite Decades of Warnings, the Depletion of Social Security’s Trust Fund Has Been Getting Closer
The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.
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The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.
The reports provide both the short-and long-term financial outlooks for the trust funds.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for April 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-april-2024
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2019
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for March 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-march-2024
Recent news stories have highlighted the good news that very near-term deficits are decreasing. That good news, unfortunately, will be short-lived.
https://www.pgpf.org/blog/2014/02/good-news-about-improving-deficits-will-be-short-lived
Many policymakers have called for the full retirement age to be gradually raised and ultimately pegged to average life expectancy.
https://www.pgpf.org/blog/2022/11/social-security-reform-should-we-raise-the-retirement-age
Social Security is the cornerstone of financial security for millions of Americans, and it is a major part of the federal budget.
https://www.pgpf.org/quiz/how-much-do-you-know-about-social-security
Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.