Social Security Administration releases new trust fund depletion dates

Social Security retirement trust fund may be depleted in less than a decade, new trustees’ report finds -Lorie Konish

Key Points

• The trust fund Social Security relies on to help pay retirement benefits may be depleted in 2033, at which point 77% of those benefits would be payable.
• The program’s combined trust funds, which also includes disability insurance, may run out in 2034, one year sooner than projected last year...