Social Security is now expected to run short of cash by 2033

USNEWS-RSS March 31, 2023
A Social Security trust fund is expected to run short of cash by 2033, according to new estimates, which would potentially reduce benefits to millions of Americans who depend on the program.

Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.

(Image credit: Kevin Dietsch/Getty Images)



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