The following statement was issued by Richard Fiesta, Executive Director of the Alliance, regarding the Trustees’ reports on the Social Security and Medicare Trust Funds released today.The report states that the Social Security Trust Fund is able to pay full benefits and expenses until 2032, while t...

The following statement was issued by Richard Fiesta, Executive Director of the Alliance, regarding the Trustees’ reports on the Social Security and Medicare Trust Funds released…

The financial health of Social Security and Medicare has worsened over the past year, with the programs’ trust funds expected to run dry three months sooner than anticipated,…

Trust fund exhaustion by 2032–2033 could trigger automatic benefit cuts — there is a bipartisan path to prevent it.