FILE - President Joe Biden speaks about his administration's plans to lower prescription drug costs and protect Social Security and Medicare, Nov. 5, 2022, in Joliet, Ill. AP Photo/Patrick Semansky, File)
Advertisement
Social Security may run out in the near future, according to a new report from the Congressional Budget Office and their long-term projections for Social Security.
World War II veteran Jack Cooper, 93, of Richardson, Texas, holds a sign that reads, “Congress Try Living Without Health Insurance”, as he joins approximately 40 others demonstrating in support of the nationÂ’s new health care law along the service road in front of the Social Security Administration building, Wednesday, Oct. 2, 2013, in Dallas. (AP Photo/Tony Gutierrez)
One set of projections shows that if the program continues to pay benefits as scheduled under current law, regardless of whether the program’s trust funds have sufficient balances to cover those payments, then the balance in the trust funds will decline to zero in 2033 and the Social Security Administration will no longer be able to pay full benefits when they are due.
Jamie Jackson is an Emmy-nominated television and radio broadcaster who has served American Urban Radio Networks since 2015. He previously covered the Obama and Trump administrations as a White House Correspondent and Pool Reporter for AURN News. Jamie hosted a national PBS television special in 2023 and over the years has worked as a TV news anchor and local NPR host for stations across the country. His work has been honored by numerous organizations, including the NAACP and the Virginia Farm Bureau.
