Social Security Insolvency: AP Meant to Say "Shortfall"

With the release of the Social Security and Medicare Trustees Report AP tweeted out:

"BREAKING: Government: Medicare will become insolvent in 2026, three years earlier than expected, Social Security to follow in 2034."

What AP meant to say was that the programs would first face a shortfall. The programs would still be able to afford the vast majority of scheduled benefits. In the case of Medicare, the projections show that if nothing were done the program, it would be paying out more t...

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Published on June 05, 2018 07:01
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