The Old Age and Survivors Insurance Trust Fund, which provides benefits to 49 million beneficiaries, will be unable to pay benefits as scheduled by 2035.
The trust fund is on course for insolvency next year. This deadline is a focus of policymakers and a source of concern for beneficiaries and their families.
Social security disability insurance currently pays monthly benefits to 11 million Americans.
The annual check-up for Social Security is in, and one program looks more dire than the rest.
The report emphasizes that before the end of 2016, just 18 months from now, the DI Trust Fund will be unable to pay beneficiaries the full amount due them.
Leading policymakers offer their thoughts on how we can improve retirement security.
Congress just wants the U.S. budget wars to be over. If any more evidence was needed, 12 Republican senators swallowed their principles and voted to propel a “clean” one-year debt limit increase toward passage on Wednesday.