Tag: projected social security income

Stack of 100 dollar bills with US Treasury illustrative check to illustrate American Rescue Plan Act of 2021 payment with social security card for retirees

This New Social Security Bill Could Make the Program Even Better

MarketWatch Blog by

February 23, 2019

And raises enough new revenue to more than restore long-run balance. The Social Security actuaries project a program deficit over the next 75 years of 2.84 percent of taxable payrolls.  As shown in Figure 1, this deficit reflects the combination of rising costs and constant levels of income.  The increasing costs are the result of…