Social Security Will Go Bankrupt In 2035, One Year Later Than Prior Projections
By Tom Ozimek A new report shows that the Social Security system’s main trust fund will be depleted by 2035—one year later than a prior estimate, though concerns remain about the fund’s solvency. The Social Security Board of Trustees released its annual report on May 6 that projects that the Social Security trust fund, which consists of the combined asset reserves of the federal Old-Age…
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