2017 Social Security Trustees Report

The 2017 Social Security Trustees Report is out.  Key findings:

Under the Trustees’ intermediate assumptions, projected OASDI cost will exceed total income by increasing amounts starting in 2022, and the dollar level of the hypothetical combined trust fund reserves declines until reserves become depleted in 2034. Considered separately, the DI Trust Fund reserves become depleted in 2028 and the OASI Trust Fund reserves become depleted in 2035. In last year’s report, the projected reserve depletion years were 2034 for OASDI, 2023 for DI, and 2035 for OASI. 

So, the combined trust fund will be solvent until 2034.  This is the same as in last year's report.

What about the 75-year deficit?
The open group unfunded obligation for OASDI over the 75-year period is $12.5 trillion in present value and is $1.2 trillion more than the measured level of $11.4 trillion a year ago.
The 75-year deficit was $11.4 trillion in 2016,  $10.7 trillion in 2015, and $10.6 trillion in 2014.

The word "unsustainable" was not used in the report.