Social Security is slipping closer to insolvency
Tuesday, April 24, 2012 - 02:30
in Mathematics & Economics
A dire forecast by trustees of Social Security and Medicare adds urgency to calls on Washington to do something soon as baby boomers begin retiring.WASHINGTON — The nation's Social Security and Medicare programs are sliding closer to insolvency, the federal government warned in a new report underscoring the fiscal challenges facing the two mammoth retirement programs as baby boomers begin to retire.