New report on Social Security trust fund depletion offers hope after shocking 2032 timeline
New long-term estimates suggest the Social Security trust funds may last slightly longer than previously expected. The Old Age and Survivors Insurance (OASI) trust fund, which primarily pays out retirement benefits, could be exhausted by February 2033, according to new projections analyzed by CNBC Reports from the University of Pennsylvania’s Penn Wharton Budget Model (PWBM). … Read more