Tag: Trust Fund
Apparently, Senator Bill Cassidy (R-LA) is working with Senator Angus King (I-ME), who caucuses with the Democrats, to craft a bipartisan solution to fix Social Security. Their plan involves creating a fund outside of Social Security that could be invested in equities and using the earnings on that fund to help pay promised benefits. T…
The brief’s key findings are: Social Security’s trust fund is projected to deplete its reserves in 2034, after which ongoing revenues will cover only about three-quarters of scheduled benefits. News coverage tends to emphasize the depletion date over the ongoing tax revenues, often with alarming headlines. To gauge how such coverage could affect worker behavior,…
