Social Security Facts

From Ezra Klein via Mark Thoma of Economists View: Ezra Klein on Social Security: 1) Over the next 75 years, Social Security’s shortfall is equal to about 0.7 percent of GDP. Source (PDF). 2) For the average 65-year-old retiring in 2010, Social Security replaced about 40 percent of working-age earnings. That “replacement rate” is scheduled … Continue reading Social Security Facts