August 2009

Each year, the Social Security and Medicare trustees issue a report on the financial health of these two programs. The news hasn’t been good. According to this year’s report, in 2016, Social Security will begin paying out more money than it takes in, and will be able to pay promised benefits only until 2037; afterwards, the trust fund reserves will be exhausted and payroll tax income will be enough to finance only 76% of scheduled benefits until 2083.

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September 2009

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