Social Security Report

Trustees Report to be Released Imminently - AMAC & MarketWatch

The Social Security Administration is expected to release its annual analysis of both the Social Security and Medicare programs by April 1. The former’s two trust funds, dedicated to its retirement and disability benefits, are facing insolvency. Automatic cuts of 20% or more will occur in about a decade in the absence of reform by Congress. The report is expected to shed more light on COVID-19’s impact on the program. Experts predict the year in which the trust funds are depleted will stay the same, or move up or down by a year. The report is not expected to address the political brinksmanship over the debt ceiling, however. Full article by Alessandra Malito is here.

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