On Social Security Insolvency
The most recent report by the trustees of the Social Security System says that the program is on track to run out of funding by 2034. This backs up previous reports by both the trustees and outside research groups that the system is not on a good financial track. Should the system run out of money millions of people would face cuts in benefits that they rely on during their retirement years. Furthermore, Medicare is also in trouble. Medicare is on track to run out of funding a full 6 years faster than Social Security. For more information visit this article by Dan Kadlec with Time.
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