00:00America's biggest retirement program is moving closer to a financial crossroads.
00:05The latest trustees' report shows Social Security's trust funds continue to face
00:10depletion within the next decade unless lawmakers act. Current projections indicate that once
00:16reserves are exhausted, incoming payroll taxes would still cover a large portion of benefits,
00:21but not all of them. The report adds fresh urgency to a debate Washington has repeatedly
00:26postponed despite years of warnings from experts. For millions of workers and retirees,
00:32the challenge is no longer theoretical. It's becoming a countdown.
Comments