Getty Images In late March, the Social Security Board of Trustees released the annual report on the financial status of the Social Security Trust Funds. These include the trust funds for Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI).
According to the report, the combined asset reserves of both the OASI and DI funds will be depleted by 2034. If Congress does not act before then, there will only be enough revenue to pay for 80% of scheduled benefits .
The Old-Age and Survivors Insurance Trust Fund, which pays Social Security retirement and survivor benefits, will be able to […]
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