Social Security will be insolvent by 2034, pushed one year earlier by COVID recession

Social Security will be insolvent by 2034, pushed one year earlier by COVID recession

By RICARDO ALONSO-ZALDIVAR and MARTIN CRUTSINGER | Associated Press
The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation’s bedrock retirement programs.
The new projections in the annual Social…

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