Miner Company
The Social Security Trust Fund Is Rapidly Approaching Insolvency
Social Security's Old Age and Survivors Insurance Trust Fund is projected to be depleted by fiscal year 2031, accelerating previous insolvency forecasts. The annual Social Security deficit is rapidly growing due to demographic shifts, high COLA adjustments, and legislative changes reducing revenue.
Social Security's Old Age and Survivors Insurance Trust Fund is projected to be depleted by fiscal year 2031, accelerating previous insolvency forecasts. The annual Social Security deficit is rapidly growing due to demographic shifts, high COLA adjustments, and legislative changes reducing revenue.