Social Security Trust Funds Could Run Dry By 2033
The trustees that oversee the program issued a report that said the trust funds supporting the program could run dry as early as 2033, according to the Associated Press.
According to the Associated Press:
If the Social Security and Medicare funds ever become exhausted, both programs would collect only enough money in payroll taxes to pay partial benefits.
The trustees said in their annual report that Congress should address the programs as soon as possible, but no action is likely before the November election.