Tag: social security financing
But the Titanic shows that the pattern favoring the wealthy is not new. Rich people live long lives, and poor people die early. This pattern has major implications for the costs and progressivity of the Social Security program. Even if both high and low earners claim at the same age, low earners receive their relatively…
The brief’s key findings are: Contrary to media reports, the 2019 Trustees Report shows little change overall: Social Security’s 75-year deficit ticked down from 2.84 percent to 2.78 percent of payroll. Trust fund exhaustion moved out by one year, to 2035, after which payroll taxes still cover about three quarters of promised benefits. This shortfa…
