WASHINGTON (AP) — Congress is putting off changes to Social Security, but the massive retirement and disability program still faces long-term financial problems from an aging population and an economy that has been slow to rebound.
Those problems are getting new attention Friday as the trustees who oversee Social Security and Medicare release their annual reports on the programs' finances.
Medicare is in worse shape than Social Security because it is also being hit by rising health care costs. But both programs will become insolvent in the coming decades, unless Congress acts, according to the trustees.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
