AARP: New Social Security report should be ‘wake-up call’
Summary
The Trump administration released its yearly report on Social Security. The report showed that the part of Social Security that helps retirees and survivors will need changes to stay fully funded in the future. AARP, a group that supports older Americans, called for action to protect Social Security.Key Facts
- The Trump administration released the annual Social Security report.
- The report was issued by the Social Security and Medicare board of trustees.
- It focused on the Old-Age and Survivors Insurance (OASI) Trust Fund.
- The report projects challenges for the OASI fund to pay full benefits in the future.
- AARP sees the report as a warning that action is needed soon.
- Social Security provides monthly payments to retired people and survivors of deceased workers.
- The board’s report is used to plan for the program’s long-term health.
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