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The fact that America’s trust fund for paying Social Security is running out of money is commonly known, but a new analysis concludes that a decline in birth rates may deplete funds even more quickly than projected.
In her study of Social Security’s ability to pay its obligations to American seniors, Romina Boccia, an economist and budget expert at the Cato Institute, stated that the Social Security Administration (SSA) has been overly optimistic about the number of babies expected to be born in the United States.
“We noticed that the SSA’s total fertility projections diverged significantly from other forecasters,” Boccia told The Epoch Times. “The SSA’s predictions also diverged significantly from historical U.S. fertility rate trends.”…
In her study of Social Security’s ability to pay its obligations to American seniors, Romina Boccia, an economist and budget expert at the Cato Institute, stated that the Social Security Administration (SSA) has been overly optimistic about the number of babies expected to be born in the United States.
“We noticed that the SSA’s total fertility projections diverged significantly from other forecasters,” Boccia told The Epoch Times. “The SSA’s predictions also diverged significantly from historical U.S. fertility rate trends.”…
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