Social Security Trustees
Social Security’s Looming Insolvency–Know the Facts
Most folks tuned into current economic affairs are well aware of the projections that Social Security’s trust fund reserves, valued at nearly 3 trillion dollars just a few years ago, will be depleted by 2033 (or 2032, depending on the…
What if Social Security runs out of money?
The Social Security Trustees report is an annual report that provides information about the current and projected financial status of the Social Security and Medicare trust funds. The latest annual report shows the Trust Fund will run out of money…
Social Security’s Problematic Trifecta
Let’s start with an understatement: the COVID-19 pandemic is wreaking havoc on the nation’s economy. The projections dealing with unemployment, corporate earnings, small business continuity, etc. are horrendous, both short-term and long-term. We see alerts every day telling us how…
A Beyond-the-Obvious Look at Social Security’s Problems
Yes, the baby boomers who contributed so much to the funding of Social Security over the years are retiring, and that brings with it a two-fold impact: fewer workers paying FICA tax, and more retirees drawing benefits. In addition, we…
Social Security Trustees – who is overseeing this important program?
This year’s Social Security and Medicare reports found both programs in deteriorating health. The insolvency date for Medicare is 2026 and 2034 for Social Security. But in 2018, for the first time in 36 years, Social Security’s expenditures will exceed its annual income,…
The Saga of Social Security’s Worsening Outlook
Brenton Smith, in a post on www.marketwatch.com, takes an in-depth look at the Social Security solvency dilemma, calling to question the premise that all looks well through 2034. Smith’s article describes what he terms “a serious misconception about the data provided…