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From surpluses to ‘cash negative’

Social Security reaches a tipping point. Read related article.

Social Security, until now a huge lender to the government, will begin demanding repaiment to its trust fund to cover the shortfall. If fully repaid, the trust fund can fully finance benefits until 2036, when people currently about 40 years old will begin to retire. Once the trust fund runs out, monthly benefits will decrease by about a quarter.
National Commission on Fiscal Responsibility and Reform, Congressional Budget Office, Social Security Administration. Karen Yourish And Laura Stanton / The Washington Post. Published on October 29, 2011, 8:55 p.m.

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