The U.S. Social Security system, a cornerstone of financial support for retirees, disabled individuals, and survivors of ...

Social Security fund set to run out in 2034, ... We have grown a huge, global readership of independently minded individuals, who value our trusted voice and commitment to positive change.

Social Security faces a shortfall because the program spends more than it takes in. In 2024, the OASI Trust Fund cost $1,327 billion to administer, but income totaled only $1,224 billion, a ...

Seniors are facing an automatic 23% cut to benefits, unless Congress takes action. First, legislators would have to admit ...

Social Security's reserves could vanish in eight years, roughly on par with previous estimates, according to a new report. At that point, if no adjustments are made, the entitlement program's ...

The combined Social Security trust fund will become exhausted in 2034, one year earlier than previously anticipated, the program’s trustees projected on Wednesday.. A report from the trustees ...

According to a report by the Social Security Board of Trustees, the program is on track to deplete its trust fund by 2034, one year earlier than previously thought.

Social Security's cost has exceeded its non-interest income since 2010. If Congress does not act, combined trust fund reserves are currently projected to become depleted in 2034.

Social Security fund set to run out in 2034, one year earlier than estimated. The average retired worker could see their monthly payments drop by more than $300 after the funds go dry.

Social Security is on track to run out by 2034, one year earlier than previously estimated, according to a new report. Payments won’t stop once the funds run dry. Instead, monthly benefits will ...