Tuesday, November 10, 2015

A SUMMARY OF THE 2015 ANNUAL REPORTS Social Security and Medicare Boards of Trustees

Social Security’s total expenditures have exceeded non-interest income of its combined trust funds since 2010, and the Trustees estimate that Social Security cost will exceed non-interest income throughout the 75-year projection period. The Trustees project that this annual cash-flow deficit will average about $76 billion between 2015 and 2018 before rising steeply as income growth slows to its sustainable trend rate after the economic recovery is complete while the number of beneficiaries continues to grow at a substantially faster rate than the number of covered workers.

https://www.ssa.gov/oact/trsum/

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