The new Social Security Trust Fund report just came out. Two things to note. First, when will the combined trust funds be exhausted?
The dollar level of the theoretical combined trust fund reserves declines beginning in 2020 until reserves become depleted in 2033. Considered separately, the DI Trust Fund reserves become depleted in 2016 and the OASI Trust Fund reserves become depleted in 2034.
That is only 19 years away.
Second, what is the 75-year deficit?
The open group unfunded obligation for OASDI over the 75-year period is $10.6 trillion in present value and is $1.0 trillion more than the measured level of $9.6 trillion a year ago.
No comments:
Post a Comment