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Aug 31, 2021

Trustees Report Finally Released

      From a press release:

The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become depleted in 2034, one year earlier than projected last year, with 78 percent of benefits payable at that time. 

The OASI Trust Fund is projected to become depleted in 2033, one year sooner than last year’s estimate, with 76 percent of benefits payable at that time. The DI Trust Fund is estimated to become depleted in 2057, eight years earlier than last year’s estimate, with 91 percent of benefits still payable. ...


1 comment:

  1. Chances of SSA cutting benefits in 2033 0%.

    Chances of a tax increase to workers 100%.

    Everybody knows it. Nobody will say it. It is the ONLY way it is going to go so just do it, take the beating and move on.

    ReplyDelete