Social Security is on track to run out by 2034, one year earlier than previously estimated, according to a new report.
Social Security funds for retirees and survivors of deceased workers are set to run out in 2033, according to this year’s annual report by the Social Security and Medicare Boards of Trustees. But funds for retirees and survivors could last until 2034 if Congress combines the Old-Age and Survivors Insurance Fund with another fund for disability insurance.
