Tag: sources of Social Security deficit
![business adviser meeting to analyze and discuss the situation on the financial report in the meeting room](https://crr.bc.edu/wp-content/uploads/2017/08/business-adviser-meeting-to-analyze-and-discuss-the-situation-on-the-financial-report-in-the-meeting-room-1536x768.jpeg)
The bulk of the 2017 deficit was expected, the surprises have been more or less offsetting. The 2017 Trustees Report says that the Social Security program faces a deficit over the next 75 years equal to 2.83 percent of taxable payrolls. That figure means that if payroll taxes were raised immediately by 2.83 percentage points…