Social Security streamer for penury even faster

<p>WASHINGTON (AP) — Social Security is rushing even faster toward insolvency, driven by timid baby boomers, a diseased economy and politicians hostility to take unpleasant movement to repair a outrageous retirement and incapacity program.
The trust supports that support Social Security will run dry in 2033 — 3 years progressing than formerly projected — a supervision pronounced Monday.
There was no change in a year that Medicares sanatorium word account is projected to run out of money. Its still 2024. The programs trustees, however, pronounced a gait of Medicare spending continues to accelerate. Congress enacted a 2 percent cut for Medicare final year, and that is a categorical reason a trust account depletion date did not advance.
The curators who manage both programs contend high appetite prices are suppressing workers wages, a trend they see continuing. They also design people to work fewer hours than formerly projected, even after a economy recovers. Both trends would lead ...