Tag: Social security solvency
I love any proposal that puts my preferences clearly in the center. And Senator Warren did just that with her plans for Social Security. Just to remind you about Social Security’s finances, the program’s actuaries project a deficit over the next 75 years of 2.78 percent of taxable payrolls. As shown in Figure 1, this…
The Social Security actuaries project a program deficit over the next 75 years of 2.84 percent of taxable payrolls. As shown in Figure 1, this deficit reflects the combination of rising costs and constant levels of income. The increasing costs are the result of a slow-growing labor force and the retirement of baby boomers, whic…
