Starting late July, some Americans will see smaller Social Security checks as the federal agency moves to ... according to data obtained by KFF and Cox Media Group through a Freedom of Information Act ...

The Medicare and Social Security trust funds are facing insolvency, with Social Security projected to cover only 81% of benefits by 2034 and Medicare just 89% of benefits by 2033.

The Social Security trust fund is expected to run out of money by 2033, according to a new report. Unless Congress acts before then, benefits for millions of retirees will be cut by 23%.

After 2034, Social Security would only have enough funds to cover 81% of benefits. After 2033, Medicare’s hospital insurance trust fund would only be able to pay 89% of costs.

Medicare and Social Security trust fund depletion dates moved up a few years due to rising costs, a new report says.

The report cited last year’s passage of the Social Security Fairness Act as a key factor behind the shift in the funds’ projected depletion dates.

The report states that the Social Security Fairness Act, enacted in January, which repealed the Windfall Elimination and Government Pension Offset provisions of the Social Security Act and ...

After that point, Social Security would only be able to pay 81% of scheduled benefits — a significant cut to the monthly checks millions of Americans rely on. Last year’s estimate from the program’s ...

Last year, the Social Security Trustees expected the program’s combined trust funds to be depleted in 2035. With the timeline pushed up by a year, the situation just got even more dire.

They now predict that Social Security’s fund will run out of money in 2033, or in 2034 if Congress changes the law to combine the separate funds for old-age benefits and for disability insurance.

Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities in 2034 if lawmakers don’t act to address the program’s pending ...