Tag: Trust fund exhaustion
![Man touching a choice concept](https://crr.bc.edu/wp-content/uploads/2024/07/Man-touching-a-choice-concept-1536x1017.jpeg)
We know what we are dealing with, and can take steps to address it. The key metric used to summarize Social Security’s financial status is the 75-year deficit. This number is the present discounted value of scheduled taxes (plus the existing trust fund) minus the present discounted value of scheduled benefits divided by the present…