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We know what we are dealing with, and can take steps to address it. The key metric used to summarize Social Security’s financial status is the 75-year deficit. This number is the present discounted value of scheduled taxes (plus the existing trust fund) minus the present discounted value of scheduled benefits divided by the present…
The term doesn’t really matter, but about half of households are not doing so well. Reporters always want to know “crisis” or “no crisis.” I don’t think the term is particularly important with respect to retirement security, but observation after observation paints the same picture – roughly half of households are not in good financia…
