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Social Security STILL Going Broke



May 13, 2011

Last year, Social Security was going broke.  Hopefully, you're sitting down for this because it turns out that Social Security is still going broke -- only a little faster than expected, according to the new Trustees's report:

Trustees for the two funds said the Medicare trust fund is projected to exhaust its funds in 2024, not 2029 as estimated last year, and that the Social Security retirement program will run out of money in 2036, not 2037 as previously thought.

Any bets on whether there will be an alternative report from Medicare's Chief Actuary this year?


 

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