We're Just Weeks Away From an Update on Social Security's Future. Here's Why I'm Not Expecting Good News.
Recent changes have taken a toll on Social Security, and the new report will likely reflect that.
We're Just Weeks Away From an Update on Social Security's Future. Here's Why I'm Not Expecting Good News.
Overview
Social Security benefits aren't going to disappear anytime soon, despite what you might have heard. But the program isn't in a good spot right now. Its trust funds are running out of money, and the government has no plan for how to fix it.
A year ago, the 2025 Social Security Trustees Report projected that the trust fund for retirement benefits would be depleted by 2033. The 2026 edition of this report is coming soon, and I expect that the news will only get worse for workers and beneficiaries. But that doesn't mean benefit cuts are imminent.
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Details
Source
Originally published at www.fool.com.
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