Social Security trust fund News

Social Security trust fund News From AOL News

Social Security Fund Will Be Drained by 2037

WASHINGTON - Social Security's finances are getting worse as the economy struggles to recover and millions of baby boomers stand at the brink of retirement. New congressional projections show Social Security running deficits every year until its trust funds are eventually drained in about 2037. This year alone, Social...

Social Security Turns 75: How Healthy Is It?

WASHINGTON (Aug. 12) -- Is Social Security showing its age? When President Franklin D. Roosevelt signed "old-age" benefits into law on Aug. 14, 1935, nearly half of men and almost 40 percent of women died before they were old enough to cash in. The program later grew to include disability benefits and Medicare, which...

Background on Social Security trust fund

In the United States, the Social Security Trust Fund is a fund operated by the Social Security Administration into which are paid payroll tax contributions from workers and employers under the Social Security system and out of which benefit payments are made to retirees, survivors, and the disabled, and for general administrative expenses.

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