A recent report reveals that the U.S. Social Security and Medicare programs will run short of funds by 2033, three years earlier than expected. As expenditures rise, lawmakers must act quickly to address looming financial challenges.
A new report reveals that the Social Security trust fund may be depleted in eight years, risking a 23% cut in benefits for over 60 million Americans. Experts urge Congress to act now to prevent drastic reductions.