Tag: Social security trustees
![Social Security Cards with Cash](https://crr.bc.edu/wp-content/uploads/2018/06/Social-Security-Cards-with-Cash.jpeg)
What does exhaustion of the trust fund mean? The 2018 Social Security Trustees Report, released last week, shows that the program faces a 75-year deficit of 2.84 percent of taxable payrolls – virtually unchanged from last year’s projection of 2.83. The Old-Age, Survivors and Disability Insurance (OASDI) trust fund continues to be scheduled for exhaustion…
![Social Security Card: Senior woman holding card in hand on white background](https://crr.bc.edu/wp-content/uploads/2022/11/social_security_4-1536x913.jpg)
Acting soon allows baby boomers to share the burden and reduces the size of the changes. The 2015 report from the Social Security Trustees shows a slight improvement in the system’s finances from last year. The deficit over the next 75 years declined from 2.88 percent of taxable payrolls in 2014 to 2.68 percent in…