Tag: Social Security finances
Should today’s workers have to bear the full burden? Social Security is unlikely to appear on the political docket until 2021. (2018 is a congressional election year; 2019 is the lead-up to the next presidential campaign; and 2020 is a presidential election year.) But it is not too early to start thinking about how to…
75-year deficit remains, exhaustion of trust fund isn’t far away. The 2017 Social Security Trustees Report repeats the drumbeat that the program faces a deficit equal to 2.83 percent of payroll over the next 75 years and that its trust fund is scheduled for exhaustion in the early 2030s. The 75-year deficit is t…
