Latest News
The Senior Citizens League Predicts The Next Big Bail Out
The Congressional Budget Office (CBO) recently released grim information about Social Security that went largely unnoticed; warns The Senior Citizens League (TSCL) a nonpartisan seniors organization. According to the CBO’s baseline of the Social Security Trust Fund the part of the program that pays benefits to 11 million disabled workers and dependents will be fully exhausted within three years — nearly 20 years sooner than the retirement program. When that happens, the Social Security trustees estimate that under current law the DI trust fund would have only enough revenues to pay 80% of scheduled benefits...Read More
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.