Tag: Social Security’s Financial Outlook
The brief’s key findings are: The 2018 Trustees Report shows virtually no change: Social Security’s 75-year deficit ticked up from 2.83 percent to 2.84 percent of payroll. Trust fund exhaustion is still 2034, after which payroll taxes still cover about three quarters of promised benefits. This shortfall is manageable, but action should be taken soon to…
The brief’s key findings are: The 2014 Trustees Report shows little change from last year: Social Security’s 75-year deficit rose modestly to 2.88 percent of payroll. But the deficit as a percent of GDP is still 1 percent. And trust fund exhaustion is still 2033, after which payroll taxes still cover about three quarters of…