*/ Social Security can pay full benefits for 16 more years, the trustees’ annual report shows, but then faces a significant, though manageable, funding shortfall. ... Read more
How Do the Trust Funds Work? Social Security’s financial operations are handled through two federal trust funds — the Old-Age and Survivors Insurance (OASI) trust ... Read more
The financial outlook for Social Security as a whole is much the same as last year, while the program’s trustees have dramatically revised their estimate for the DI trust fund, projecting an additional 20 years of solvency. Read more
Social Security benefits play a vital role in reducing poverty in every state. Without Social Security, 22.1 million more Americans would be poor. Read more
Years of SSA cuts have already taken their toll, causing the agency to lose 12 percent of its staff since 2010, close field offices, and shorten office hours, even as it faced record-high workloads. Read more
Disability Insurance (DI) is an integral part of Social Security. It provides modest but vital benefits to workers who can no longer support themselves on account of a serious and long-lasting medical impairment. The following charts provide important background information. Read more
Eighty-three years ago today, President Franklin D. Roosevelt signed the Social Security Act. To mark the occasion, we’ve updated our backgrounder on Social ... Read more
*/ Eighty-three years after President Franklin Roosevelt signed the Social Security Act on August 14, 1935, Social Security remains one of the nation’s most successful, ... Read more
