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IB_12-9 (508) The brief’s key findings are: Social Security’s 75-year deficit is significantly higher than last year’s projection: 2.67 percent of payroll versus 2.22 percent of payroll. This increase reflects the slow recovery from the recession and rising disability rolls, among other factors. The bottom line remains the same: Social Security faces a real, but…

Abstract Financial advice tends to focus on financial assets, but other levers may be more important for most households. This paper proceeds in three stages. The first section reports a simple Excel spreadsheet exercise that provides a stylized example of the tradeoff between returns and time spent in the labor force. The second section uses…