The Medicare and Social Security trust funds are lurching toward insolvency. Social Security is projected to cover only 81% of benefits by 2034 and Medicare just 89% by 2033.

Social Security's retirement and survivor benefits are projected to face a funding shortfall as early as 2033, at which point ...

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is ...

Retirement and disability funds face depletion in the next decade, with Congress urged to act to correct the looming ...

Social Security benefits will be depleted in 2033, according to SSA’s latest trustees report, and retirees will need extra ...

Meanwhile, Social Security's trust funds — which cover old age and disability recipients — will be unable to pay full benefits beginning in 2034, instead of last year's estimate of 2035.