The Ratio of Workers to Social Security Beneficiaries Is at a Low and Projected to Decline Further
Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.
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Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.
“The writing on the wall couldn’t be any more clear: Social Security and Medicare remain on a dangerously unsustainable path," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The projected shortfall of future Social Security revenues is the result of political action, not the absence of policy options for addressing this issue.
“It makes no sense that we allow programs as essential as Social Security and Medicare to remain on such shaky and uncertain fiscal ground," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
Based on the Trustees’ projections, combined Social Security benefits could be cut by 20 percent in 2035 without legislative action
https://www.pgpf.org/chart-archive/0246_social-security-20-percent-cut
“These reports drive home the urgent need to ensure that the critical Medicare and Social Security programs are sustainable into the future," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
Social Security and Medicare affect nearly every American at some point in their lives.
The Peterson Foundation has prepared analysis based on those reports, illustrating the key data points with pertinent chart information.
https://www.pgpf.org/blog/2015-social-security-medicare-trustees-reports-charts-and-analysis
Social Security is an integral part of the nation’s fiscal picture and a vital economic lifeline for millions of recipients.