Tag: Social Security trust fund
![Washington DC Capitol view on cloudy sky](https://crr.bc.edu/wp-content/uploads/2023/03/US-Capitol-building-with-a-view-of-a-cloudy-sky-and-American-flag-1536x1024.jpeg)
Social Security does need fixing, but Congress should debate and vote in full view. Last month, I got an invitation to a forum on “Trust Fund Solutions,” which means Senator Mitt Romney (R-UT) is still pushing his TRUST Act. One of the bill’s co-sponsors – Senator Angus King (I-ME) – also appeared on the program.&nbs…
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Scary press reports could induce people to grab their benefits early, but don’t lead to more saving. The 2021 Trustees Report projects that Social Security’s Old-Age and Survivors Insurance (OASI) program faces a long-term financing shortfall and that the trust fund will deplete its reserves in little more than a decade, after which payroll tax…