Tag: Social Security’s Missing Trust Fund
In early December, President Trump discussed developing a national retirement savings system like Australia’s superannuation program. Australia certainly has an enviable retirement system. In fact, the latest Mercer CFA Institute Global Pension Index awards the Australian system a B+, while the U.S. system gets only a C+…
The program’s “Missing Trust Fund” provides a strong case for an infusion of general revenues. According to the latest Social Security Trustees Report, the program’s 75-year deficit increased to 3.61 percent of taxable payroll compared to 3.42 percent in 2022. The year for depletion of Old-Age and Survivors Insurance (OASI) trust fund assets moved u…
