Tag: trust fund depletion
Social Security does need fixing, but Congress should debate and vote in full view. Last month, I got an invitation to a forum on “Trust Fund Solutions,” which means Senator Mitt Romney (R-UT) is still pushing his TRUST Act. One of the bill’s co-sponsors – Senator Angus King (I-ME) – also appeared on the program.&nbs…
Scary press reports could induce people to grab their benefits early, but don’t lead to more saving. The 2021 Trustees Report projects that Social Security’s Old-Age and Survivors Insurance (OASI) program faces a long-term financing shortfall and that the trust fund will deplete its reserves in little more than a decade, after which payroll tax…
