Trust Fund Depletion: Social Security Running Out of Money in 9 Years
Washington, D.C., May 7 – The Social Security Administration released its annual trust fund report yesterday, revealing a grim forecast for the future of the program. According to the report, the trust fund balances are projected to be depleted by the year 2033, leaving Social Security’s most crucial fund running out of money in just nine years. Despite being an official projection signed by top government officials, including the Secretaries of the Treasury, Labor, and …