What the New Outlook for Social Security and Medicare Means for You
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Each year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs. The new 2021 annual report was just released and on a positive note, the pandemic has had a smaller impact on the Social Security trust funds than many feared.
The 2021 trustee report includes extensive information about the current operations of Social Security and Medicare and provides careful analysis of their outlook. The data and projections presented in the report include the Trustees' best estimates of the effects of the COVID-19 pandemic and the 2020 recession, which were not reflected in last year's reports. Here are some
of the major findings:
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