Social Security Update! | 2021 Annual Report of the Board of Trustees RELEASED!
#SSI #SSDI #SocialSecurity
In this video, we discuss Tuesday’s release of the Social Security and Medicare 2021 Annual Report of the Board of Trustees. The report indicates that Social Security’s massive trust fund will be unable to pay full benefits in 2034. For the first time in 39 years, the cost of delivering benefits will exceed the program’s total income from payroll tax collections and interest during this year.
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