Tag: awi
![Social Security Administration sign with logo and website URL](https://crr.bc.edu/wp-content/uploads/2024/06/Social-Security-Administration-sign-with-logo-and-website-URL-1536x1152.jpg)
Most is due to change in the program’s 75-year horizon. The 2024 Social Security Trustees Report showed a 75-year deficit of 3.50 percent of taxable payrolls compared to a surplus of .02 percent in 1983. While the increase in the deficit over the last 41 years is large, two-thirds of the increase was totally predictab…
![Social Security card treading water in waves](https://crr.bc.edu/wp-content/uploads/2020/09/Social-Security-card-treading-water-in-waves.jpg)
Fortunately, legislators are already proposing fixes. I understand that not everyone savors, with as much enthusiasm as I do, testimony by Steve Goss, Social Security’s Chief Actuary. But I always find it very helpful. His most recent appearance before the House Ways and Means Subcommittee on Social Security touched on a number of ways that…