Social Security shortfall, and more

The Social Security Trust Fund will run out of money in 2037, four years earlier than previously estimated.

Social Security shortfall

The Social Security Trust Fund will run out of money in 2037, four years earlier than previously estimated. The updated figure comes from a new report from the Social Security trustees, which blames recession-induced layoffs for cutting into the payroll tax receipts that support the fund. Social Security is currently in surplus but will shrink rapidly as the baby boom population ages.

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