Munnell, Alicia Haydock. “Social Security's financial outlook”. Issue in Brief 22-9, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2022. http://hdl.handle.net/2345/bc-ir:109528.
The brief's key findings are: (1) The 2022 Trustees Report has no real news about Social Security's overall future. (i) The 75-year deficit inched from 3.54 to 3.42 percent of taxable payrolls, and (ii) the trust fund depletion date moved back one year -- from 2034 to 2035. (2) Interestingly, a lower assumed disability incidence rate allows the DI trust fund to pay full benefits for the next 75 years. (3) And, given today's inflation, it's worth stressing that Social Security COLAs protect retirees against rising prices.