Social Security Could Run Dry Ahead of Earlier Forecast

“The trust funds for Social Security and Medicare will run out of money in less than a decade, as the programs’ trustees warned that the funds’ depletion date is significantly closer than predicted a year ago,” the Washington Post reports.

“If Congress does not overhaul the programs’ financing, automatic cuts will slash Social Security benefits by 23 percent and Medicare hospital benefits by 11 percent in 2033.”