Tag: Social security financing gap
The 2024 Trustees Report slightly lowered the projected 75-year deficit to 3.50 percent of taxable payroll, compared to 3.61 percent in 2023. The improvement is attributable primarily to an upward revision in the rate of productivity growth over the projection period and a further reduction…
Trustees Report continues to show 75-year deficits and exhaustion of trust fund in early 2030s. The 2024 Social Security Trustees Report repeats the drumbeat that the Social Security program faces a deficit equal to 3.50 percent of payroll over the next 75 years and that its trust fund is scheduled for exhaustion in the early…
