The Signal

Serving the College since 1885

Saturday June 3rd


For the first time in 39 years, Social Security’s costs will exceed its total income and will have to rely on its savings to pay benefits(Flickr).

Social Security to deplete sooner due to Covid-19 recession

 According 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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