The Trustees of the Social Security System and the Medicare Funds released May 13, 2011 report on the status of the SS trust fund and the Medicare trust fund. The headlines were that social security insurance trust fund would be exhausted by 2036. After which the collected taxes would pay for 75% of the cost of the program. The medicare trust fund balance would hit zero in the year 2024. However, taxes cover 90% of that programs cost. Due to the economy and the aging population, the SSI date is one year sooner and and the medicare date five years sooner.
The trustee's report is here.
A weekly list of the top Black business, finance and economics stories and links. The site include the most important news stories, found research, important web sites and links.
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2011
(99)
-
▼
June
(15)
- Munson Steed named director of Sharpton's Madison ...
- Educational report on Black Boys
- Rainbow Push Concludes 40th Annual Conference
- Bill Clinton's Job Plan
- What is Black America ?
- US Alcohol Consumption Background
- Conjure: Ludacris's Cognac
- Eddie Brown: Brown Capital Management
- Collateral Costs: Incarceration's effect on econom...
- Peter Diamond's 1st interview since withdrawal
- Gotta keep an eye on Germany
- Urban Entrepreneur Summit in Newark, NJ
- Earnings by College Degree, Race, Gender
- Self Pay Health Insurance Skyrockets
- Social Security to be Exhausted by 2036; Medicare ...
-
▼
June
(15)
No comments:
Post a Comment