Tag: Social Security
The brief’s key findings are: The 2015 Trustees Report shows little change from last year: Social Security’s 75-year deficit declined modestly from 2.88 percent to 2.68 percent of payroll. The deficit as a percent of GDP remains at about 1 percent. Trust fund exhaustion moved back slightly from 2033 to 2034, after which payroll taxes…
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…
