Social Security’s funds have been ‘significantly affected’ by Covid-19. Here’s how that could impact your benefits

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A new report shows how much benefit checks could be reduced if Social Security trust funds run out and how much next year's cost-of-living adjustment could be.

Social Security's funds could run out sooner than was believed, according to the first estimates that take into account the effects of Covid-19.

A new report released by the Social Security Administration on Tuesday reveals new estimates of just how much the Covid-19 pandemic has impacted the program's already ailing trust funds.

 

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CNBC doesn't know shit about Modern Money creation. Federal/ FICA taxes doesn't fund the federal government, Medicare, and the SSA. Federal taxes takes and deletes money away from the economy and people's bank accounts/ wallets.

Just****(PRINT MORE MONEY)***!Money 4 Any Country is just a Value that WE give it 2 b. That is Y America can just PRINT more Money; and assign Whatever Number u want it 2 b on the Accounting books. So just Print More Money that u need 2 Pay 4 SOCIAL SECURITY, or 4 Anything else!

Just****(PRINT MORE MONEY)***!Money 4 Any Country is just a Value that WE give it 2 b. That is Y America can just PRINT more Money; and assign Whatever Number u want it 2 b on the Accounting books. So just Print More Money that u need 2 Pay 4 SOCIAL SECURITY, or 4 Anything else!

Just****(PRINT MORE MONEY)***!Money 4 Any Country is just a Value that WE give it 2 b. That is Y America can just PRINT more Money; and assign Whatever Number u want it 2 b on the Accounting books. So just Print More Money that u need 2 Pay 4 SOCIAL SECURITY, or 4 Anything else!

Is there any chance that they were printed or used to bail out stock markets?

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Social Security trust funds now projected to run out of money sooner than expected due to Covid, Treasury saysThe financial outlook for Social Security and Medicare, two of the nation's preeminent safety net programs, has deteriorated over the past year due to Covid. Stop relying on the faith of the government and invest your money in yourself. Spend the extra 20% of time a year to understand personal finance and risk management Now do the military trust fund. Fear mongering bullshit. ZIRP & QE are deliberate theft from SS & Medicare on a mass scale. Far worse crimes than any bank ever robbed. But while we're at it: ScrapTheCap
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