"Social Security Funds Depletion Date Announced"

The Social Security Board of Trustees has revealed that the cash for the Social Security program will run out in 2031, a year earlier than previously estimated, due to slower-than-expected economic growth. If more funds are not directed to the support, 66 million recipients will have their benefits cut by a quarter. The combined asset reserves of both the Aging and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds will be depleted by 2034, and there will only be enough revenue to pay for 80% of scheduled benefits. The problem for the system to navigate is an aging population, meaning fewer workers are paying in.