Tag: Social Security trust fund
The 2023 Trustees Report slightly increased the 75-year deficit to 3.61 percent of taxable payroll, compared to 3.42 percent in 2022, and moved up depletion of the Old-Age and Survivors Insurance (OASI) trust fund assets from 2034 to 2033. Yes, the Disability Insurance (DI) trust fund has enough to pay benefits for the full 75-year…
Social Security is once again in play, no matter how much people deny it. In part, that’s a good thing, because Social Security benefits cost more than the income rolling in (see Figure 1). So far this mismatch between the cost of benefits and revenues hasn’t had any impact on beneficiaries, because the shortfalls hav…
