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PGPF Solutions Initiative plans from five think tanks show declining federal debt through 2037.
PGPF Solutions Initiative III plans from five think tanks show declining federal debt through 2039.
The normal retirement age for receiving full Social Security benefits depends on the year of your birth.
As the population ages, fewer workers will be paying taxes to support each Social Security beneficiary.
Social Security will run a cumulative cash deficit of $2.9 trillion between now and 2035.
Low-income seniors rely on Social Security benefits for a major share of their retirement income.
Most OASDI income comes from payroll taxes.
Retired workers make up 70 percent of Social Security beneficiaries.
Based on the Trustees’ projections, combined Social Security benefits could be cut by 20 percent in 2035 without legislative action