The latest Social Security Trustees Report was released yesterday, and, really, there was nothing remarkable about it. Here's the advocacy group Social Security Works:The most important takeaways from the 2018 Trustees Report will be that (1) Social Security has a large and growing surplus, and (2) Social Security is extremely affordable. At its most expensive, Social Security is projected to cost just around 6 percent of gross domestic product (“GDP”). Expanding, not cutting, Social Security while requiring the wealthiest among us to contribute more – indeed, their fair share – is the best policy approach to addressing these challenges while restoring Social Security to long-range actuarial balance. I will also remind readers that Social Security is only one piece of the overall question of an aging America.

Source: Forbes June 06, 2018 17:39 UTC