Tag: Social Security finances
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The brief’s key findings are: The 2022 Trustees Report has no real news about Social Security’s overall future. The 75-year deficit inched from 3.54 to 3.42 percent of taxable payrolls, and the trust fund depletion date moved back one year – from 2034 to 2035. Interestingly, a lower assumed disability incidence rate allows the DI trust fund…
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And raising the Full Retirement Age from 67 to 70 would be the worst way to cut them. The American Academy of Actuaries – a group of usually sober and sensible people – recently issued a brief making the case for “Raising the Social Security Retirement Age.” Their argument is straightforward. Social Security is…