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	<title>When will social security run out &#8211; Cincy Link</title>
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		<title>COVID recession pushed Social Security insolvency up a year</title>
		<link>https://cincylink.com/2021/09/02/covid-recession-pushed-social-security-insolvency-up-a-year/</link>
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					<description><![CDATA[WASHINGTON (AP) — 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. It's a counterintuitive assessment that deepens the uncertainty around the nation’s bedrock retirement programs. Social Security’s massive trust fund will be unable to pay full benefits in &#8230;]]></description>
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<p>WASHINGTON (AP) — 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. </p>
<p>It's a counterintuitive assessment that deepens the uncertainty around the nation’s bedrock retirement programs. </p>
<p>Social Security’s massive trust fund will be unable to pay full benefits in 2034 instead of last year’s estimated exhaustion date of 2035. </p>
<p>The depletion date for Medicare’s trust fund for inpatient care remained unchanged from last year, estimated in 2026. </p>
<p>The full impact from the coronavirus pandemic will take several more years to play out.</p>
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<br /><a href="https://www.wcpo.com/news/national/covid-recession-pushed-social-security-insolvency-up-a-year">Source link </a></p>
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