Finance

Parker: Social Security in critical condition

9 days ago   |   By Boston Herald

Each year, the trustees of Social Security and Medicare issue their report, delivering the news, invariably dismal, about the financial condition of the nation's two largest entitlement programs. This year, in the report just issued, it's worse than usual. Last year, the trustees forecast that Social Security and Medicare's hospital insurance would have to start dipping into their trust funds by 2022 and 2023 in order to finance their obligations. They report now that the situation has deteriorated such that both need to start dipping in this year.
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