Tag: awi
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…
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…
