If the Social Security and Medicare funds ever become exhausted, the nation’s two biggest benefit programs would collect only enough money in payroll taxes to pay partial benefits. Social Security could cover about 75 percent of benefits, the trustees said in their annual report. Medicare’s giant hospital fund could pay 87 percent of costs.Make sure to read the rest here
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Trouble! Social Security Will Cease To Work By 2033 was originally published on elev8.com