“Social Security trust fund will be depleted in 17 years, according to trustees report,” by Philip Moeller, PBS NewsHour

“The annual trustee reports on Social Security and Medicare were released earlier today and showed little change from last year. With both programs facing longer-term deficits, these annual report cards have become a doomsday clock for senior benefits. The top line of today’s reports is that the estimated insolvency date of Social Security’s big trust fund is 2034 — unchanged from last year. The other big fund is Medicare’s hospital trust fund. Last year, it was projected to run out of funds in 2028, or 12 years. That date was rolled forward a year — to 2029 — in this year’s report.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Checking in on the “doomsday clock for senior benefits,” this is another article reminding us not to count on Social Security and Medicare to cover the immense costs of retirement and senior health care.

Social Security trust fund will be depleted in 17 years, according to trustees report

#goldencareagent