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The Social Security trust fund will run dry in 2032 – what that means for retirees and workers who hope to retire
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The Social Security trust fund will run dry in 2032 – what that means for retirees and workers who hope to retire
Social Security has lasted as long as it has thanks to the bipartisan deal that President Ronald Reagan and congressional leaders hammered out in 1983. AP Photo/Ed Reinke Every year, the panel overseeing the trust fund for Social Security and Medicare publishes its annual financial report. And every year, its members make clear that the programs’ reserves will be exhausted by the time Gen X retires – meaning they will no longer be able to pay full scheduled benefits by the mid-2030s. While many
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