Tag: Social Security finances
Did policymakers in 1983 do a good job fixing Social Security? The impending exhaustion of Social Security’s retirement trust fund in 2033 has stimulated a lot of commentary. One strain focuses on actions taken in 1983 – the last time Congress addressed the program’s finances. In terms of outcomes, some commentators conclude that Congress did…
Are the Social Security Trustees too optimistic? The 2025 Social Security Trustees Report is standard fare. It confirms what has been evident for almost three decades – namely, Social Security is facing a 75-year financing shortfall that currently equals 1.3 percent of GDP. And, if no action is taken before 2033, the depletion of reserves…
