Social Security: The Bottom Line Illustrative Questions and Answers Based on the Latest Trustees' Reports

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Social Security: The Bottom Line Illustrative Questions and Answers Based on the Latest Trustees' Reports

  • Does Social Security have a serious and growing financing problem? [Yes]

  • Will the Social Security program ever go bust? [No]

  • Will the Social Security trust fund balance ever be exhausted? [Yes]

  • Should the trust fund solvency date be the primary action-forcing event for Social Security reform? [No]

  • What other factors should be considered?

    • Cash flow
    • Total unfunded commitments
    • Percent of the budget and GDP
    • Percent of taxable payroll