Social Security to deplete sooner due to Covid-19 recession
By Signal Correspondent | Nov. 13, 2021According to a report by the Social Security and Medicare trustees, the Covid-19 recession has led to Social Security’s predicted insolvency being moved up one year to 2034 from last year’s estimate of 2035. The Social Security disability fund is also now predicted to run dry in 2057, eight years sooner than previously expected. Medicare has been unaffected, retaining its depletion deadline of 2026.
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