Tag: Social Security
Abstract Given concerns about the depletion of the Social Security Trust Fund, policymakers are considering several proposals to improve the financial sustainability of the program, including some that would lower benefits over time. The extent to which reductions in Social Security benefits impact individual health and well-being is not well understood. Using data from a…
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…
