Social Security Insolvent Sooner than Expected

‘Inherent bias’ creates rosy forecasts that seriously overstate system’s health (CNBC) – The Social Security Administration projects that its trust funds will be depleted by 2033—not an optimistic forecast. But it may be even bleaker than that. New studies from Harvard and Dartmouth researchers find that the SSA’s actuarial forecasts have been consistently overstating the financial health …

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