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Social Security’s Solvency Issue: The Further Out You Look, the Worse it Gets
Much has been written about the 2034 horizon associated with Social Security’s Trust Fund balances. That’s about the time when the Trust Funds reach a zero balance, triggering a substantial–most estimates are in the 22% to 23% range–reduction in benefits across the board. That’s bad enough, but when one looks out across what the Trustees refer to as the “infinite horizon”–which means the longer term beyond the 75-year assumptions, the projections worsen considerably. The Motley Fool’s Sean Williams explains in a post on www.fool.com…check it out here…