Seniors are facing an automatic 23% cut to benefits, unless Congress takes action. First, legislators would have to admit ...

The current system gives workers a raw deal. ... Social Security’s unfunded obligations more than doubled, to $20.4 trillion — the equivalent of $157,000 per household.

In just the last 10 years, Social Security’s unfunded obligations have more than doubled. Currently at $20.4 trillion, this is $157,000 per household.

While those are eye-popping numbers, they omit another kind of debt—unfunded promises made under such entitlement programs as Social Security and Medicare. “Unfunded” is the amount by which ...

Unfunded Social Security obligations total $28 trillion, akin to the entire U.S. GDP. Projections indicate Social Security spending will reach 6% of GDP by 2035.

The latest annual Social Security Trustees Report estimates that America's top retirement program will be contending with $23.2 trillion in unfunded obligations through 2098. Five ongoing ...

Starting in 2035, Social Security would only be able to pay 77% of benefits without government action. CBO has a slightly dimmer view and says the trust fund that backs checks to seniors will be ...

They’re people who paid into the Social Security system when working in ... “We are about to pass an unfunded $200 billion spending package for a trust fund that is likely to go ...

It took 40 years for Congress to pass a law to boost Social Security for public workers. Now, SSA says they must wait at least a year for the money.