Social Security, Medicare Funds to Be Depleted Earlier Than Expected: Trustees

When social security funds get depleted, beneficiaries stand to lose around 20 percent of their scheduled benefits.

The Social Security Administration office building in Waycross, Ga., on Aug. 28, 2024. Madalina Vasiliu/The Epoch Times

Medicare and Social Security funds are now expected to drain out earlier than previous estimates, according to two new reports released on Wednesday.

Social security is made up of two trust funds—old-age and survivors insurance (OASI) and disability insurance (DI). The two are combined for analyzing the overall status of social security funds, referred to as the Old-Age, Survivors, and Disability Insurance (OASDI) program.