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Social Security Slouches Towards Insolvency
Charles Blahous, Manhattan Institute for Policy Research 
[Opinion] July 14, 2017 "Each year since 2010, Social Security has been operating at a cash flow deficit, meaning the annual costs exceed income from payroll taxes and the taxation of benefits. In 2022, the annual program costs will be more than total income, which also includes interest on the trust fund assets. At this point the trust fund will be drawn down. By 2034, the trust fund will be exhausted, at which point tax income would only be enough to pay for 77 percent of benefits." MORE >> |
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