Posted on 05/06/2024 1:48:54 PM PDT by ChicagoConservative27
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 reporters ahead of the release, an official said the trustees increased their assumed level of labor productivity and GDP in the coming years after economic growth exceeded expectations last year.
(Excerpt) Read more at thehill.com ...
“A disproportionate number for sure and all by design. “
How many? None of the seniors around me even got sick from the vaccination!
Even better, live on the SS and let your investments grow. Don't ever deplete your own nest egg to wait for higher SS.
Does anyone really believe this? So the 2-3 years of mediocre economic growth offset the 1-1/2 years of nearly no production at all that happened during the Covid lockdowns? No way.
Horse Sh+%*
Sounds like an election year press release. The calculations will change right after the election in November.
Yes. A lot more.
I’m still taking mine ASAP
“ Don’t ever deplete your own nest egg to wait for higher SS.
“
This
Nursing homes is where most of them perished needlessly.
Very true but Medicaid Costs are pretty huge.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.