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Retirement inequality is a thread running through several articles that have appeared here this year. One blog that was particularly popular with our readers distinguishes retirees who have enough wealth to maintain the same spending levels throughout retirement from those who will, over time, have to cut back and reduce their standard of living. T…

Photo of Social Security Administration building

The 2022 Social Security Trustees Report, which was prepared in February when the outlook for the economy looked less uncertain, shows a slight decrease in the program’s 75-year deficit from 3.54% to 3.42% of taxable payroll (see Figure 1). The depletion date for the trust fund bounced back from 2034 to 2035.  What does a deficit…