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6/6/2018: Social Security Combined Trust Fund Reserves Depletion Year Remains 2034 (U.S. Social Security Administration [SSA])
"In the 2018 Annual Report to Congress, the Trustees announced: [1] The OASI Trust Fund is projected to become depleted in late 2034, as compared to last year's estimate of early 2035, with 77 percent of benefits payable at that time. [2] The DI Trust Fund will become depleted in 2032, extended from last year's estimate of 2028, with 96 percent of benefits still payable.... [3] The asset reserves of the combined OASDI Trust Funds increased by $44 billion in 2017 to a total of $2.89 trillion. [4] The total annual cost of the program is projected to exceed total annual income in 2018 for the first time since 1982, and remain higher throughout the 75-year projection period."
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