Social Security’s long-term financial outlook deteriorated significantly in the latest annual report from the program’s trustees, with officials projecting a larger funding shortfall and an earlier depletion date for the retirement trust fund.
The 2026 Trustees Report estimates Social Security‘s 75-year funding gap at 4.42% of taxable payroll, up from 3.82% a year earlier.
That increase, laid out Tuesday in a brief published by the Center for Retirement Research at Boston College, stems largely from lower projected birth rates, reduced immigration and federal tax changes that are expected to decrease revenue flowing into the system.
The report projects that details ⇒
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