Before the holiday break, the Congressional Budget Office, Congress' non-partisan bean counters, dropped its latest prediction on the solvency of Social Security.
This year's projected shortfalls are larger than those released in 2015, owing to several factors, including lower expected interest rates and lower expected GDP growth, according to CBO.
CBO predicts that Social Security's two trust funds will be insolvent by 2029, almost four years earlier than actuaries at the Social Security Administration are predicting.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
