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827-How Quickly Will Social Security Run Out of Money?

Radical Personal Finance

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The 75 Year Actuarial Deficit

i want to talk about the how does it fix it? And i'm reading down, dropping down a couple more paragraphs to illustrate the magnitude of the 75 year actuarial deficit. Consider that for the combined o a, s i and d i trust funds to remain fully solvent throughout the 75 year projection period,. One, revenue would have to increase by an amount equivalent to an immediate and permanent pay roll tax rate increase of three point 3, six percentage points. Two, scheduled benefits would have to be reduced by  about 21% applied to all curret and future beneficiaries or about 25%. Or three, some combination of these approaches would need to be adopted. Do you see any reasonable chance

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