Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Akshay Puri

Americans Are Claiming Social Security Early Over Fears It Will Run Out. Here's What the Data Really Says

Social Security United States AARP Schroders
After OASI reserves are depleted, continuing programme income could cover about 78% of scheduled retirement and survivor benefits. (Credit: This is an AI-Generated Image)

The words 'Social Security is running out of money' can sound like a warning that retirement cheques could one day simply stop arriving. That fear is already influencing when some Americans plan to claim benefits.

But that is not what the latest government projections show. Social Security's retirement trust fund is projected to deplete its reserves in late 2032. Even if Congress made no changes, payroll taxes and other continuing income would still flow into the programme and fund most scheduled retirement benefits.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
How daylight saving time changes affect you and what you can do about it
It's almost time for most Americans to set their clocks back an hour
The Independent UK
The Independent UK
Taylor Swift and Kim Kardashian Reunion Rumour: Viral 'Spotted Talking' Photo Raises Questions About Their Feud
A viral photo allegedly showing Taylor Swift and Kim Kardashian talking has sparked reunion rumours, but questions remain over its authenticity
International Business Times UK
International Business Times UK
“Looks Like Organs”: Heidi Klum’s Grotesque Halloween Teaser Has Fans Convinced They Know Her Next Transformation
The slimy, close-up teaser for Heidi Klum’s Halloween costume this year is already making people’s stomachs churn.
Bored Panda
Bored Panda
‘He’s not going to punk me. I’ll trick him’: Ali G: Who Iz I? stooge says he was in on joke but didn’t tell Sacha Baron Cohen
Exclusive: Joshua Loudermilk says suspicions first raised during filming by gun shaped like wearable plastic bottom: ‘You’re gonna put a butt on top of a butt? You can’t run in that’ • This article contains spoilers for Ali G: Who Iz I?
The Guardian - UK
The Guardian - UK
Feminine desire is often ignored in sci-fi. Could that be changing?
The gun-slinging heroine of the mobile game Love and Deepspace, first released in 2024, lives on Earth in the year 2048. The planet is suffering from environment collapse and the reality-distorting effects of a spatial anomaly called the Deepspace Tunnel, which has appeared over the planet.
The Conversation
The Conversation
Sofía Vergara Spotted Holding Hands With Dan Reynolds After Reported Minka Kelly Split
Sofía Vergara and Dan Reynolds have prompted romance speculation after being photographed holding hands at a Beverly Hills dinner, weeks after reports of Reynolds's split from Minka Kelly
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play