Social Security Trust Fund
Coverage of Social Security Trust Fund in the Nexus archive.
- Fast Takes: How not to save Social Security, propagandists run Wikipedia and more commentary
New figures indicate the Social Security trust fund could be exhausted by 2032, according to Andrew G. Biggs at National Review. The article highlights concerns about the financial sustainability of Social Security.
- Social Security is headed for a day of reckoning, and Congress is running out of time to save boomers. Lawmakers are proposing some hard choices
Social Security's trust fund is projected to run out of money by 2032, risking a 22% benefit cut unless reforms are enacted. Lawmakers propose solutions like raising payroll tax revenue by eliminating income caps or investing $1.5 trillion in stocks, though Congress has historically avoided such measures.
- America has six years to fix its disappearing social security trust fund
The article highlights that the U.S. has six years to address the disappearing Social Security Trust Fund. It references 'Project 2032' as a key context for this issue.
- Social Security’s shortfall: A meteor of our own making
The Social Security Trust Fund is projected to deplete by 2032 due to income inequality and a cap on taxable earnings. The article suggests removing the cap and taxing higher incomes to prevent the shortfall.