USGrant1962
Thinks s/he gets paid by the post
The 2023 Trustees Report was issued today.
https://www.ssa.gov/oact/TR/2023/index.html
Bottom line is reserves are depleted a year earlier, still forecasting a 23% shortfall:
https://www.ssa.gov/oact/TR/2023/index.html
Bottom line is reserves are depleted a year earlier, still forecasting a 23% shortfall:
The OASI Trust Fund reserves are projected to become depleted in 2033, at which time OASI income would be sufficient to pay 77 percent of OASI scheduled benefits. DI Trust Fund asset reserves are not projected to become depleted during the 75-year period ending in 2097.