CNBC citing AARP projections: If the ratio of taxable wages to GDP does not decline, Social Security full-payout timeline could extend to 2059
According to CNBC, the AARP Public Policy Institute has projected that the U.S. Social Security program could fully pay benefits until 2059, based on the assumption that taxable payroll wages remain at 41% of GDP—the same level as in 1983. In reality, this share has already fallen to 34% by 2025. This result is a conditional scenario analysis, rather than a revision of the current projection—which estimates the combined trust fund reserves will be depleted in 2034—to 2059.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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