Tag: Social security financing gap
Releasing the Social Security Trustees Report a couple of months later than usual always raises the intriguing question that it might include some titillating new information. For better or worse, the 2025 Trustees Report is standard fare. It confirms what has been evident for almost three decades – namely, Social Security is facing a 75-year…
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…
