Tag: Social Security’s Missing Trust Fund
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…
The brief’s key findings are: The 2023 Trustees Report showed a slight increase in the 75-year deficit and the depletion of the retirement trust fund moved up to 2033. The prospect of a 23-percent benefit cut only 10 years away should focus our attention on restoring balance to the program. The “Missing Trust Fund,” a result of…