New Forecast Predicts Later Social Security Depletion

A Social Security card sits alongside checks from the U.S. Treasury in Washington on Oct. 14, 2021. Kevin Dietsch/Getty Images

Social Security’s trust funds may not expire as soon as anticipated under a new projection released by an Ivy League college’s business school.

In a projection released by the Penn Wharton Budget Model on June 11, the Old-Age and Survivors Insurance (OASI) trust fund could be depleted by February 2033, months later than what the trustees had forecast in a report released earlier this month.