Tag: Trust fund exhaustion
Long-run deficit changes little and trust-fund depletion date moves forward one year. After months of speculation by commentators, Social Security actuaries have released an updated assessment of the program’s finances to reflect the impact of the pandemic and ensuing recession. These new numbers will replace the intermediate projections in the 2020 Trustees Report as t…
Will it shift the long-run curves or accelerate the date of depletion of the trust fund? A frequent question from the press is how the COVID-19 pandemic will affect Social Security finances. (This topic was not covered in the Trustees Report released last week, as the report was prepared before the pandemic). Of course, no…
