Written by Lexx Thornton The trust funds for Social Security and Medicaid will run out of money in as little as 8 years, a shorter time frame than previously estimated. The Social Security fund will run dry in 2033, unless Congress combines the program’s old-age and disability funds, in which case insolvency would arrive in 2034, the report found. A finding last year predicted Social Security would become insolvent in 2035 or 2036. Medicare’s hospital insurance fund is expected to run out of money in 2033. “Social Security and Medicare are vital programs that support tens of millions of Americans
The post Social Security Fund May Run Dry Soon appeared first on HBCU News.
