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Old 12-08-2022, 12:53 PM   #6954
Edward64
General Manager
 
Join Date: Oct 2005
Pretty sure we have different definitions of "fine".

You are right, SS won't go bankrupt. But we were talking specifically about insolvency.

Social Security and Medicare Are Approaching Insolvency | Committee for a Responsible Federal Budget
Quote:
The Social Security and Medicare Trustees released their annual reports on the state of the trust funds today. The Trustees find that Medicare’s Hospital Insurance trust fund will be insolvent by 2028, Social Security’s Old-Age and Survivors Insurance trust fund will run out of reserves by 2034, and the theoretically combined Social Security trust funds will be insolvent by 2035. Upon insolvency, Social Security benefits will be reduced across-the-board by 20 percent under current law while Medicare Hospital Insurance payments will be reduced by 10 percent.
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