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.
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.
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.
If the next president serves two terms without addressing Social Security, the Disability Insurance Trust Fund would be exhausted by the time he or she leaves office.
Policymakers must address the problems facing Disability Insurance in a responsible manner that accounts for the challenges facing Social Security as a whole.