SUSTAINABILITY: In 16 years, Social Security will have to cut benefits by 21% if lawmakers do nothing to cure the program’s long-term funding shortfall.
via CNN: That’s what the Social Security and Medicare trustees projected in their 2018 annual report released Tuesday. The trustees estimate that by 2034 the combined trust funds for Social Security — which help fund the old age and disability programs — will run dry. At that point Social Security will be able to pay … Read more