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This new Social Security bill could make Social Security even better

Alicia H. Munnell
This new Social Security bill could make Social Security even better

The Social Security actuaries project a program deficit over the next 75 years of 2.84% of taxable payrolls. Social Security’s deficit can be eliminated either by bringing up the income rate or lowering the cost rate. 1. Uses the Consumer Price Index for the Elderly (CPI-E) to adjust benefits for inflation.