Social Security in Bigger Trouble Than We Thought

The Social Security Administration has been releasing heavily biased and overly optimistic numbers for about fifteen years, according to a new report by Harvard and Dartmouth: According to the report, the SSA’s actuarial projections in the 1980s underestimated revenues and overestimated costs by $27 billion; in the 1990s, that figure was $200 billion. Now, in the first ten years after 2000, the forecasts overestimated revenue and underestimated costs to the total of $1 trillion. The Social Read more […]