URL: http://www.disabled-world.com/disability/social-security/usa/depleted.php
Wednesday, April 25, 2012
Disability Benefits May Run Dry by 2016
Trustees in charge of Social Security and Medicare say the benefit programs are closer to running out of money than previously thought. The nonpartisan Congressional Budget Office said the disability fund would run out of money in 2016. Social Security's trustees are again urging Congress to shore up the disability system by reallocating money from the retirement program. In addition Social Security trust funds will likely run dry in 2033, three years earlier than expected and Medicare's hospital insurance fund could be out of money by 2024 unless changes are made.
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