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CBO Now Projects 31% Cut in Social Security Benefits Will Be Needed by 2031
ThinkAdvisor 
Dec. 28, 2016 "[CBO] is now reporting that the combined Social Security retirement and disability trust funds will be depleted in fiscal year 2029 -- five years earlier than the trustees of the two funds had projected earlier this year in their annual report.... CBO's projections on the following are lower than those by the Social Security Trust Fund trustees: [1] earnings subject to the program's payroll tax [2] labor force participation rates, productivity growth, lower inflation ... [3] fertility rates ... [4] real interest rates ... in the long run[.]" MORE >> |
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