Tag: 75 year shortfall
The bulk of the 2017 deficit was expected, the surprises have been more or less offsetting. The 2017 Trustees Report says that the Social Security program faces a deficit over the next 75 years equal to 2.83 percent of taxable payrolls. That figure means that if payroll taxes were raised immediately by 2.83 percentage points…
75-year deficit remains, exhaustion of trust fund isn’t far away. The 2017 Social Security Trustees Report repeats the drumbeat that the program faces a deficit equal to 2.83 percent of payroll over the next 75 years and that its trust fund is scheduled for exhaustion in the early 2030s. The 75-year deficit is t…
