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The Medicare and Social Security program trust funds are projected to both be exhausted by 2036, the program trustees said in a report released Monday. The Medicare trust fund is projected to be depleted in 2036, and the Social Security trust fund is projected to be depleted in 2035. These new projections push back the date when the funds are expected to be depleted, crediting the push-back to a stronger than expected economy.
The combined Social Security trust funds – which help support monthly payments to the elderly, survivors and people with disabilities – are expected to be exhausted in 2035, one year later than previously forecast, according to its trustees’ annual report. After that,... Without any changes in the next 13 years, Social Security beneficiaries can expect to see a 20% cut to their Social Security checks in 2035, according to the Social Security and Medicare Board of Trustees report released on Thursday. For Medicare Part A beneficiaries, the...
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