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News

Briefs Finance
briefs.co > news > social-security-s-savings-projected-to-hit-zero-by-2032

Social Security Trust Fund to Hit Zero by 2032

4+ week, 2+ hour ago   (689+ words) Social Security's savings account is draining faster than expected. The main culprit is the 2025 One Big Beautiful Bill Act. That law lowered taxes on Social Security benefits, which sounds nice in the moment. But it also means less money flowing…...

Briefs Finance
briefs.co > news > confidence-in-social-security-is-fading-as-a-funding-shortfall-approaches

Confidence in Social Security Is Fading as a Funding Shortfall Approaches -

4+ week, 3+ hour ago   (594+ words) Social Security has paid every benefit on time for more than 90 years. Steven Porter, 75, an Arizona retiree, depends on Social Security with his wife for basic needs. He retired at 72, having earned a living as a welder, a broadcast journalist,…...

Briefs Finance
briefs.co > news > social-security-retirement-fund-projected-to-run-out-by-2032

Social Security Fund to Run Out by 2032, Wharton Says

4+ week, 3+ hour ago   (494+ words) The Old-Age and Survivors Insurance fund, called OASI, is running short. Penn Wharton's Budget Model says it hits empty in 2032. Combined with the disability fund, the money lasts until 2034. After that, the program would pay benefits using only the payroll…...