Tag: Trustees Report
The option to start Social Security benefits at any age from 62 to 70 – with an actuarial adjustment – is a key feature of the program. However, the adjustments – reductions in the monthly benefit for claiming early and increases for waiting – are decades old and do not reflect improvements in longevity or…
The brief’s key findings are: The 2021 Trustees Report anticipates that the short-term effects of COVID will dissipate quickly, so the trust fund’s depletion date moved only from 2035 to 2034. For the long-run, the Trustees changed three ultimate assumptions – a higher fertility rate, slower mortality gains, and a lower unemployment rate – a…
