Posted on 06/20/2025 9:57:38 AM PDT by SeekAndFind
Medicare and Social Security funds are now expected to drain out earlier than previous estimates, according to two new reports released on Wednesday.
Social security is made up of two trust funds—old-age and survivors insurance (OASI) and disability insurance (DI). The two are combined for analyzing the overall status of social security funds, referred to as the Old-Age, Survivors, and Disability Insurance (OASDI) program.
The 2025 OASDI trustees report, published on June 18, said the total cost of the social security program started exceeding its total income in 2021. Currently, the fund is projected to be depleted by 2034, a year earlier than last year’s expected date of 2035.
Following depletion, OASDI will only be able to pay 81 percent of scheduled benefits to its recipients.
“The Trustees recommend that lawmakers address the projected trust fund shortfalls in a timely way in order to phase in necessary changes gradually and give workers and beneficiaries time to adjust,” the report said. “Implementing changes sooner rather than later would allow more generations to share in the needed revenue increases or reductions in scheduled benefits.”
At present, there are around 70 million social security beneficiaries in the United States. The program covers 185 million workers and their families.
The June 18 Medicare trustees report said the program’s Hospital Insurance (HI) trust fund is expected to be depleted by 2033, three years earlier than the previous projection.
HI, also known as Medicare Part A, helps pay for inpatient hospital services, hospice care, skilled nursing facilities, and home health services after hospital stays.
(Excerpt) Read more at theepochtimes.com ...
So we “need” another round of the Coup-Flu to “decrease the surplus population”?
/s
It is expected that they will be depleted sooner than it is expected.
$570,000 is way better than $0...................
I read an earlier post that said just 77%.
Regardless...do voters understand that 100% of the 77%-81% of benefits will come exclusively from workers and employers who are currently paying Social Security taxes.
How long will that delusional behavior last?
The younger folks who continue to pay in will start asking, "Who is going to pay me when I retire?"
Answer...
NOBODY!
No worries, they’ll just print up as much money as needed to pay benefits. Never mind what that money will actually buy.
"Social Security, Medicare Funds to Be Depleted Earlier Than Expected: Trustees"
FR: Never Accept the Premise of Your Opponent’s Argument
While repealable (hint) 16th Amendment (direct taxes)-facilitated, unconstitutional (imo) Social Security is undoubtedly threatened as a consequence of unconstitutionally big federal government mismanagement, this déjà vu "climate change" prediction can be construed as anti-Trump, 2026 midterm elections scare tactic imo.
I am hopeful that country will be in better shape the further that we get into PDJT47's 2nd term.
“Trustees” indeed.
In other news, welfare coffers will NEVER run dry...
They were supposed to be depleted 50 years ago.
I don’t get your statement.
Current Retirees PAID INTO Social Security and Medicare throughout their working lives via their payroll taxes. How is that welfare?
No worries, China will take care of U.S. /s
“then throw in inflation ( the USD purchasing power has dropped 24 percent since 2021….means you really only have about $570,000 in purchasing power,”
Your logic is off.
The market is up more than that, enough to pay for inflation and taxes.
Also consider whether your contributions were tax deferred.
“what 60 year old has the time to wait for the recovery?”
Markets recovered in two years or less.
Please remember, Armstrong has a court order not to give financial advice.
“The government has taken out SS “taxes” for 50 years from my paychecks….now as I near retirement”
Still working after all your success following Socrates?
I took five years off at 50 and retired at 62 and had never heard of your legendary Socrates.
Re: 35 - LOL!
There is NO political will to fix this. NONE.
Not from President Trump. Not from a majority of the Senate or House.
The last President (Bush 43) who tried to fix it got torched.
Still working after all your success following Socrates?
————
Of course, “ retirement “ is death, my current job yields a good salary, extraordinary benefits and travel to just about anywhere in the world…..been everywhere from London, Paris, Moscow, Tel Aviv, to the jungles of the Amazon…you are not in my league.
Sitting at home as a keyboard commando may be just fine for you, but I plan to keep putting my boots on the ground on many corners of the globe.
“Of course, “ retirement “ is death”
LOL! You said you were nearing retirement.
“
been everywhere from London, Paris, Moscow, Tel Aviv, to the jungles of the Amazon…you are not in my league.”
LOL! Not impressed.
“Sitting at home as a keyboard commando may be just fine for you, but I plan to keep putting my boots on the ground on many corners of the globe.”
Says the dude that spends day after day on various websites shilling for a convicted scammer.
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