Social security is expected to increase its reserves this year



The cost of the Social Security program will exceed its income this year for the first time since 1982, forcing the program to invest in its trust fund of almost $ 3 billion to cover the benefits.

By 2034, those reserves will be depleted and Social Security will no longer be able to send you your full scheduled benefits, according to the latest annual report from the Social Security and Medicare trustees released on Tuesday.

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