Social Security, Medicare Funds to Be Depleted Earlier Than Expected: Trustees

Epoch Times ^ | 06/20/25 | Naveen Athrapully

[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.

[delta7]

I will add, at 66 plus, my teenage son is a blessing….I am even thinking of having another…stay in your basement, pounding away at the keyboard….to each his own.

[Jacquerie]

We’ve read of the unsustainability of the trajectory of social security and the national debt for decades.

Where the concern from Congress which has oversight of every penny it spends?

Thanks to Congress, elevated inflation is baked into the cake of our future.

We do not hate Congress enough.

[Shady]

But all of them are rich with OUR money, whilst we will, as a Nation, be bankrupt.

[ActresponsiblyinVA]

If DOGE is successful in removing fraudulent claims, the money may last longer.

[ActresponsiblyinVA]

If DOGE is successful in removing fraudulent claims, the money may last longer.

[Jacquerie]

Quite right.