Wednesday, December 3, 2014

Chart: Social Security to Become Insolvent Far Earlier Than Expected

According to research by policy experts Rachel Greszler and James M. Roberts at The Heritage Foundation, Social Security’s end-date is fast approaching, calculated to arrive far earlier than originally expected. - MRC TV

“Social Security’s trustees projected in 1983 that the recently enacted Social Security reforms would keep the program active for at least the next 75 years, through 2058,” reports The Daily Signal.

With each successive annual Social Security Administration (SSA) report, however, the federal program’s approach date has accelerated, Heritage experts find.