Updated predictions regarding three of the major Social Security funds cast a grim shadow on the future ahead for the U.S. population.
According to the latest projections from the Congressional Budget Office, two of the funds will be drained by 2033 while another major fund will be gone by 2048.
The Old-Age and Survivors Insurance Trust Fund are the two funds most in danger of being depleted while the CBO says the Disability Insurance Trust Fund is also of grave concern.
Social Security spending has been on the rise as more Americans hit retirement age and leave the workforce, solely relying on the fund’s benefits.
Updated predictions regarding three of the major Social Security funds cast a grim shadow on the future ahead for the U.S. population
According to the latest projections from the Congressional Budget Office , two of the funds will be drained by 2033 while another major fund will be gone by 2048
The news of the projections comes as Social Security…
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