Social Security can pay full benefits until 2035 before trust funds are depleted – one year later than expected – but time is still running out

Social Security will live to see another year before its trust funds cumulatively run out of money, and Medicare Part A’s trust fund depletion date gained another two years – but the clock is still ticking for the government to fix the insolvency issue. 

Without any changes in the next 13 years, Social Security beneficiaries can expect to see a 20% cut to their Social Security checks in 2035, according to the Social Security and Medicare Board of Trustees report released on Thursday. For Medicare Part A beneficiaries, the...