Discover and read the best of Twitter Threads about #trustfundsolutions

Most recents (2)

🚨NEW ANALYSIS🚨 The latest #SocialSecurity projections show that the program is only 13 years from insolvency and faces large & rising imbalances. Though finances have improved slightly, they remain perilous, and time is running out to save the program.

crfb.org/papers/analysi….
1️⃣ #SocialSecurity is only 𝟭𝟯 𝘆𝗲𝗮𝗿𝘀 from insolvency.

The theoretical combined trust funds comprising #SocialSecurity (OASI+SSDI) will exhaust their reserves by 2035, when today's 54-year-olds reach full retirement age and today's youngest retirees turn 75. ⤵️
2️⃣ #SocialSecurity faces large and rising imbalances.

The Trustees project the program will run cash deficits of nearly $2.5 trillion over the next decade – the equivalent of 2.1% taxable payroll or 0.8% of GDP. 75-year actuarial imbalance totals 3.4% of payroll or 1.2% of GDP.
Read 7 tweets
🚨NEW🚨 Today's trustees reports show that the #SocialSecurity and #Medicare Hospital Insurance (HI) #trustfunds are rapidly approaching insolvency; these funding imbalances will require #TrustFundSolutions to prevent broad benefit cuts.

More: crfb.org/blogs/trustees…. ImageImage
➡️OASI depletion will occur by 2034, while SSDI will not deplete within the projection window.

On a theoretical combined basis, assuming revenue is allocated between the trust funds in the years between OASI and SSDI insolvency, #SocialSecurity will become insolvent by 2035. ⤵️ Image
➡️Upon insolvency, all beneficiaries will face a 20% across-the-board benefit cut, which will grow to 26% by 2096. The Trustees estimate a 75-year actuarial shortfall of 3.42% of taxable payroll for #SocialSecurity – lower than 2021's estimate, but higher than any prior year.
Read 4 tweets

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