NEW YORK (CNNMoney.com) - The trustees of Social Security and Medicare now estimate that the Social Security trust fund will be exhausted in 2040 while the Medicare trust fund will be depleted in 2018, slightly sooner than previously forecast.
Those projections are part of the trustees' 2006 annual report, which was released Monday afternoon, roughly a month after its original due date.
In their annual report last year, the trustees estimated the trust fund for Social Security would run out by 2041 and the one for Medicare in 2020.
Later I'll see what assumptions have been tweaked.