Is Social Security About To Run Out?

The Social Security disability program will run out of money in late 2016, a report issued Wednesday by the Social Security and Medicare trustees warned.

At that point, the 10.9 million beneficiaries of the program face an immediate 19 percent cut in benefits, unless Congress intervenes.

The combined trust fund for the retirement and disability programs is projected to run out by 2034, a slight improvement from last year's estimate.

The trust fund for Medicare hospital insurance will be depleted by 2030, unchanged from last year.  Source: WashingtonExaminer.com RSS - politics

 

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