Time Running Short for Social Security and Medicare
May 14th, 2009 | By Jason Simpkins | Category: Financial News, Politics & EconomicsThe U.S. Social Security and Medicare programs will run short of adequate funding faster than previously thought, according to a government report released earlier this week. The Social Security Fund will be exhausted by 2037, four years earlier than previously thought. And the Medicare hospital trust fund will be insolvent by 2017, two years earlier than projected, the report said.