IndianaNational

Trump Administration Warns Social Security Running Out of Funds

That’s according to a new Trump Administration report which also says medicare’s hospital insurance fund runs out in 2026.

The report projects social security’s total cost exceeding its income as early as next year.

Benefits under the fund are set to be reduced by 2035 unless lawmakers make effective policy changes in time.

An increased payroll tax, an older retirement age, or a modified formula for benefits are all possible solutions.

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