Tag: Trustees Report
Outlook virtually unchanged from last year. The Social Security program faces a 75-year deficit of 2.66 percent of taxable payrolls – virtually unchanged from last year. Largely because of the Bipartisan Budget Act of 2015, the life of the Disability Insurance trust fund – which was scheduled for exhaustion in 2016 – has been extended…
The brief’s key findings are: The 2015 Trustees Report shows little change from last year: Social Security’s 75-year deficit declined modestly from 2.88 percent to 2.68 percent of payroll. The deficit as a percent of GDP remains at about 1 percent. Trust fund exhaustion moved back slightly from 2033 to 2034, after which payroll taxes…
