{"id":126411,"date":"2022-06-03T14:00:19","date_gmt":"2022-06-03T18:00:19","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=126411"},"modified":"2022-06-03T14:00:19","modified_gmt":"2022-06-03T18:00:19","slug":"social-security-go-broke-date","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=126411","title":{"rendered":"Social Security go broke date"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/06\/People-being-lied-to-by-the-government.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-126413\" src=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/06\/People-being-lied-to-by-the-government-300x258.jpeg\" alt=\"\" width=\"300\" height=\"258\" srcset=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/06\/People-being-lied-to-by-the-government-300x258.jpeg 300w, https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/06\/People-being-lied-to-by-the-government-387x333.jpeg 387w, https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/06\/People-being-lied-to-by-the-government.jpeg 640w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Estimates for when Social Security and Medicare will see reduced ability to pay benefits have been pushed back. For Social Security, the date has shifted to 2035 instead of 2034. For Medicare, that date was pushed from 2026 to 2028. The article also uses &#8220;depletion&#8221; to describe these dates.<\/p>\n<p><span style=\"color: #0000ff;\"><b>From Fox News:<\/b><\/span><\/p>\n<blockquote><p>The annual Social Security and Medicare trustees report says the Social Security trust fund will be unable to pay full benefits beginning in 2035, instead of last year&#8217;s estimate of 2034.<\/p>\n<p>The projected depletion date for Medicare&#8217;s trust fund for inpatient hospital care moved back two years to 2028 from last year&#8217;s forecast of 2026.<\/p>\n<p>According to the report, &#8220;Economic recovery from the 2020 recession has been stronger and faster than assumed in last year&#8217;s reports, with positive effects on the projected actuarial status of the trust funds in these reports.&#8221;<\/p>\n<p>Forecasters said in the report that the ongoing COVID-19 pandemic will have no net effect on their long-range projections.<\/p>\n<p>The assumptions for the latest report were made in February, which was before cases began climbing again and inflation rose even higher.<\/p>\n<p>President Biden said in a statement that the report &#8220;shows that the strong economic recovery driven by my economic and vaccination plans has strengthened programs that millions of Americans rely on and has put our nation in a better fiscal position.&#8221;<\/p><\/blockquote>\n<p>Fox News has the article <a href=\"https:\/\/www.foxbusiness.com\/politics\/go-broke-dates-pushed-back-social-security-medicare\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estimates for when Social Security and Medicare will see reduced ability to pay benefits have been &hellip; <a title=\"Social Security go broke date\" class=\"hm-read-more\" href=\"https:\/\/www.azuse.cloud\/?p=126411\"><span class=\"screen-reader-text\">Social Security go broke date<\/span>Read more<\/a><\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-126411","post","type-post","status-publish","format-standard","hentry","category-society"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/126411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126411"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/126411\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}