Social Security could pay full benefits until 2059 if taxable payroll kept pace with GDP: AARP report

🇺🇸 CNBC (US) —
Social Security could pay full benefits until 2059 if taxable payroll kept pace with GDP: AARP report

AI Summary

AARP Public Policy Institute research says Social Security could pay full benefits until 2059 if taxable payroll growth kept pace with GDP. The report argues that workforce aging is not the only factor behind the trust funds’ projected shortfall.

An aging work force is not the only reason Social Security's trust funds now have a looming shortfall, according to AARP Public Policy Institute research.

Politics Markets Social Security trust funds taxable payroll GDP retirement benefits AARP

Read original source →