Social Security Board of Trustees: Combined Trust Funds Projected Depletion One Year Sooner Than Last Year

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Today [August 31, 2021], the Social Security Board of Trustees released its annual report on the long-term financial status of the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds.

The combined trust funds are projected to become depleted in 2034, with 78% of benefits payable at that time. The DI Trust Fund is estimated to become depleted in 2057, with 91% of benefits still payable.

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