Social Security Trust Fund Faces Depletion by 2035
The Social Security Administration's 2024 report projects the program's trust funds will be depleted by 2035, potentially causing a 17% cut in benefits.
#Social Security#Retirement#US Economy
#Fiscal Policy
4 articles tagged
US Considers Raising Social Security Retirement Age Amid Financial Strain
Amid projections of a funding shortfall by the mid-2030s, the U.S. is debating raising the Social Security full retirement age beyond 67, sparking a national conversation on the future of retirement.
#Social Security#Retirement Planning#US Economy
SSA Chief Says Retirement Age Increase Is Under Consideration
The head of the Social Security Administration confirmed that raising the retirement age is being considered to address a projected 2034 funding shortfall.
#Social Security#Retirement#US Economy
Social Security Retirement Age Increase Under Consideration
The White House is considering raising the Social Security retirement age among other options to prevent the program's projected insolvency by 2034.
#Social Security#Retirement#US Economy