Tag: Social Security finances
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…
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…
