Tag: social security financing shortfall
But they want only high earners to pay for the fix. With all the DOGE-driven turbulence at the Social Security Administration, it may have gotten lost that 2025 is the 90th anniversary of the program. In celebration, a number of organizations have put out reports that assess the current status of the program and suggestions…
Most is due to change in the program’s 75-year horizon. The 2024 Social Security Trustees Report showed a 75-year deficit of 3.50 percent of taxable payrolls compared to a surplus of .02 percent in 1983. While the increase in the deficit over the last 41 years is large, two-thirds of the increase was totally predictab…
