2016 Trustees Report Confirms That Expanding Social Security Is Fully Affordable



"According to the new report, Social Security is 100 percent funded for the next eighteen years. It is 95 percent funded for the next 25 years. It is 87 percent funded for the next fifty years. And 84 percent funded for the next three-quarters of a century.The projected shortfall over the next three-quarters of a century amounts to just 0.95 percent of the nation’s Gross Domestic Product (GDP). In contrast, military spending after the 9/11 terrorist attack increased 1.1 percent of GDP virtually overnight. Spending on public education nationwide went up 2.8 percent of GDP between 1950 and 1975, when the baby boom generation showed up as school children."Nancy Altman Founding Co-director, Social Security Works



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