Tuesday, April 24, 2007

Medicare and Social Security Release Annual Reports

For those of you wondering if Social Security and Medicare will be there when you retire, there were a few more glum forecasts released this week.

The Social Security program will run out of money in 2041, if they are to pay out benefits for the next 75 years, they project a need for an additional 4.7 trillion dollars. Want more information? Check out the press release and full report at the Social Security web site.

Medicare is in a little bit more trouble and will run out of funds in 2019. Want more details? Check out the press release or the full report.

Want to read reactions to the report? Check out the Washington Post's "Social Security, Medicare Panel Adjusts Forecast."

Want more information from the government on retirement and aging? Check out the library's guide.

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