Social Security’s Finances Remain Strong, Annual Trustees Reports Show

From the Alliance for Retired Americans.

Social Security’s Finances Remain Strong, Annual Trustees Reports Show

The Trustees for the Social Security and Medicare Trust Funds released their annual reports on the programs on Tuesday. The reports show that Social Security remains strong and solvent with enough money to cover all payouts and expenses until 2034, while the Medicare Part A Trust Fund for hospital care now has sufficient funds to cover its obligations until 2026.

In a news release responding to the report, Mr. Fiesta said that the best way to strengthen Social Security is to lift the cap…