There is no SS shortfall crisis
| Changes in trustee's projections over time | ||||||
| Trustee report date | 1996 | 1997 | 1998 | 1999 | 2000 | 2004 |
| Year when tax revenue falls short of benefits | 2012 | 2012 | 2013 | 2014 | 2015 | 2018 |
| Year when trust fund income falls below expenditures | 2019 | 2019 | 2021 | 2022 | 2024 | 2028 |
| Trust fund depletion date | 2029 | 2029 | 2032 | 2034 | 2037 | 2042 |
| Shortfall as a share of taxable payroll | 2.19% | 2.23% | 2.19% | 2.07% | 1.89% | 1.89% |
| Source: Annual Reports of the Board of Trustees of the Federal Old-Age and Survivors Insurance and disability Insurance Trust Funds, 1996 - 2004 | ||||||
The non-working dependent population of the U.S. (including children) was 45% in 1960. By 2020 it will be 40%.
Just what, exactly, is the crisis with the Social Security program? jhc
posted January 11, 2005