WASHINGTON — The 11 million people who receive Social Security disability face steep benefit cuts next year — unless Congress acts, the government said Wednesday.
The trustees that oversee Social Security said the disability trust fund will run out of money in late 2016, right in the middle of a presidential campaign. That would trigger an automatic 19 percent cut in benefits.
The average monthly benefit is $1,017.
The report said the fund faces “an urgent threat” that requires prompt action by Congress.
Medicare is adding 10,000 new beneficiaries a day as baby boomers reach age 65.
