Tag: Social Security finances
The brief’s key findings are: The 2021 Trustees Report anticipates that the short-term effects of COVID will dissipate quickly, so the trust fund’s depletion date moved only from 2035 to 2034. For the long-run, the Trustees changed three ultimate assumptions – a higher fertility rate, slower mortality gains, and a lower unemployment rate – a…
Can Congress overturn it? With all the other things in the news, it is easy to overlook the fact that the President’s proposal to defer Social Security payroll tax payments went into effect on September 1. Specifically, employers can stop withholding the 6.2-percent employee share of the Social Security tax through the end of t…
