Social Security Trust Fund Expected To Expire Before Latest Retirees

Benefit cuts likely for boomers

For the first time since Social Security's cash crisis in 1983, the program can't afford to pay full benefits for its youngest crop of new retirees through life expectancy, government data show.

The hastening of the Social Security Trust Fund's demise to 2033 means that workers just becoming eligible for Social Security at age 62 face steep future benefit cuts if they live to the average life expectancy, now about 84.

Comments

[Anton2013]

Whether it is good or bad we can't say right now but government needs to look after Medicare Benefits, at the age of 62 so that people will get medicare little early.