Social Security, Medicare Get Modest Boost From Strong Economy
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Social Security, Medicare get slight boost from strong economy
WASHINGTON >> Trust funds supporting Social Security and Medicare benefits for U.S. seniors showed slight improvement as stronger-than-forecast economic growth and productivity has boosted revenue collections, according to trustees’ reports released by the U.S. Treasury today.
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Economic growth boosts Social Security and Medicare but funding crisis still looms
Federal officials said they expect Social Security will deplete its combined reserves and run out of money to fully pay beneficiaries in 2035.
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A little more time for Social Security and Medicare funds
The good news: The forecasted date at which the Social Security and Medicare trust fund can’t pay full benefits for everyone was pushed back a few years in a report issued Monday. Bad news: That day is still coming, unless Congress acts. Also: aging in place or stuck in place? The challenges of homeownership later in life. Later in the episode: Reddit’s revenue and union organizing efforts in the South.