“Social Security trust funds could run out even faster due to the coronavirus pandemic,” by Lorie Konish, CNBC

Quote:

“Social Security’s trust funds could run out as much as four years earlier due to the coronavirus pandemic, according to new research from the Wharton School at the University of Pennsylvania. Just how much the funds are affected will depend on how fast the U.S. economy recovers. Those planning for retirement may want to account for reduced benefits, just in case.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

The Social Security trust funds will run out a whole lot sooner still if Congress and the President decide to raid them to provide even more immediate financial aid.