Tag: Trust fund exhaustion
But bottom line is easy: Congress needs to fix the nation’s most valuable program. The 2021 Social Security Trustees Report, which usually comes out in the spring, emerged in the last week in August. That’s not surprising given a new Administration and a somewhat more complicated story than usual. Although the Trustees assert that COVID…
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…
