9 Jun

US Social Security and Medicare Trust Funds Face Insolvency by 2033 as Lawmakers Weigh Reforms

The Social Security Administration confirms its retirement trust fund will be depleted by 2032.Medicare is expected to face similar funding shortfalls by 2033 according to the new report.Benefits will continue at reduced levels of 78% after the primary trust fund runs dry.Lawmakers face urgent calls from AARP to stabilize these essential programs before they fail.
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