The non-partisan Congressional Budget Office found that Social Security's main trust funds could be exhausted by 2033, which could result in reduced payments to beneficiaries.
Missouri Rep. Jason Smith reacts to Biden aides reportedly discovering a second batch of mishandled classified documents and Social Security possibly facing insolvency on"The Evening Edit."updated its long-term projections on the solvency of Social Security last month, finding that the program's major trust funds could be tapped out in 2033.
A Social Security card sits alongside checks from the U.S. Treasury on Oct. 14, 2021, in Washington, D.C.has been on an upward trend as the proportion of Americans at or above retirement age has increased relative to the active workforce. That has strained the program's trust funds as their balances get tapped to augment payroll tax revenue used to pay out full benefits to retirees.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Trump tells GOP to leave Medicare, Social Security cuts out of debt ceiling fightTrump tells Republicans to leave Medicare and Social Security cuts out of negotiations as the debt ceiling showdown heats up
Les mer »
Apple AirTags causing major security concerns over reports of stalkingReports of people using Apple AirTags to allegedly stalk others have arisen since AirTags’s product launch in April 2021—and have led to calls for the tech giant to review its security measures.
Les mer »
Apple AirTags causing major security concerns over reports of stalkingNEW YORK — They were designed to help people keep track of their valuables, devices and other products - but some claim that Apple AirTags have been used to track people.
Les mer »
Social Security update: Direct SSI payment worth $914 arriving in 10 daysThe month of February starts in 10 days, and with it comes the monthly payment of $914 that Supplemental Security Income recipients receive.
Les mer »
Manchin-Romney Attack on Social Security Is 'Last Thing We Need': SandersThe Vermont Independent called for expanding popular federal programs rather than allowing a bipartisan commission to propose devastating cuts.
Les mer »
Social Security & You: The problems with running a disability programSeveral readers recently sent me copies of a news story that appeared in papers around the country. The author of that piece criticized the Social Security Administration for not updating a listing of jobs that benefit applicants might be able…
Les mer »