Hmmm… not great news.
Social Security’s trust fund could run out of money sooner than expected due to changes in taxes and benefits [The Conversation] – “The retirement and disability program has been running a cash-flow deficit since 2010. The $2.7 trillion held in its two trust funds may seem immense, but those reserves are diminishing as the number of Americans getting benefits grows. Social Security’s trustees, a group that includes the secretaries of the departments of Treasury, Labor, and Health and Human Services, as well as the Social Security commissioner, projected in 2024 that both of its trust funds would be completely drained by 2035.”