Thursday
Jul312014
Social Security: No more excuses
Thursday, July 31, 2014 at 10:12AM
The government Monday released its 74th annual Trustees' Report on the finances of Social Security. The prognosis is stable for now, virtually unchanged from last year, but uncertain down the road.
The bottom line for the 95 percent of Americans who are either claiming or who will be eligible to claim Social Security: The combination of payroll taxes and interest income on surplus payroll taxes invested in U.S. Treasury bonds plus the surplus itself is enough to pay what is owed recipients in full through 2033 -- 19 years from now.
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