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Keyword: ecnomylol

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  • Social Security funds to last longer than expected thanks to sturdy economy

    05/06/2024 1:48:54 PM PDT · by ChicagoConservative27 · 89 replies
    The Hill ^ | 05/06/2024 | ARIS FOLLEY
    The combined trust funds for Social Security are projected to run out a year later than previously expected, a board of trustees of the program’s accounts said Monday. In the latest report, trustees expect the projected depletion date for the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out Social Security benefits to retirees, and the program’s smaller Disability Insurance (DI) Trust Fund is 2035. Biden administration officials said the projected depletion date for the OASI trust funds has moved to November 2033, seven months later than last year’s projection, partly due to economic growth. On a call with...