SSA Report Sounds Alarm, Social Security Funds May Be Depleted by 2034
The latest annual report from the Social Security Administration (SSA) trustees confirms a stark reality: the Old-Age and Survivors Insurance (OASI) Trust Fund is expected to run out of reserves by 2034. If Congress fails to intervene, retirees could face an automatic 23% reduction in benefits starting that year. Combined Funds Face Growing Pressure The … Read more