Brief The Pointless Debate Over the Social Security Trust Fund
C. Eugene Steuerle
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What does matter is that Social Security expenses are expected to rise by about 50 percentfrom about 4.3 to 6.3 percentage points of GDPfrom 2008 to 2030, and taxes aren't. As the baby boomers retire, higher expenses and less tax revenue mean that the national deficit will rise year after year.
Research Areas Aging and retirement Taxes and budgets
Tags Social Security Economic well-being Pensions Individual taxes Retirement policy