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Budget and the Bees
Budget and the Bees
Business
Latrice Perez

New Projections Warn Social Security Trust Fund Could Run Short Sooner Than Expected

SSI recipients get two payments
Image source: shutterstock.com

You have planned your retirement around the promise of a monthly check that never fails. However, the latest federal data suggests that the safety net is fraying much faster than anyone anticipated. A new projection warns that Social Security’s main retirement trust fund could run dry by 2032. This is a full year earlier than previous estimates suggested. Honestly, it is not your fault the math is failing, but you are the one who will deal with the fallout. Here is the truth about the looming funding gap and what it means for your future stability.

The 2032 Depletion Trigger

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