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May 1, 2006

Annual Report on Social Security

Trustees for the Social Security Trust Fund issued their annual report today. From the AP:

The trust fund for Social Security will be depleted in 2040, and Medicare will exhaust its trust fund reserves just 12 years from now, trustees for the programs said Monday. Their annual report showed deterioration in the financial condition of both of the government's two largest benefit programs. A year ago, the depletion of the Social Security trust fund had been projected to occur in 2041 and the Medicare hospital insurance fund in 2020.

Read it all.

Posted by Andrew Roth at May 1, 2006 3:34 PM | Print

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