1、 https:/crsreports.congress.gov April 28, 2020Social Security: Selected Findings of the 2020 Annual ReportAccording to the recent report of the Board of Trustees of the Social Security Trust Funds, the programs finances are in a similar position in 2020 as in 2019. The combined date of projected Tru
2、st Fund asset depletion is unchanged after which the percentage of benefits payable is relatively the same. The 2020 annual report reflects the Board of Trustees understanding of the OASDI program at the start of 2020; thus, it does not include potential effects of the Coronavirus Disease 2019 (COVI
3、D-19). Social Security Overview Social Security is a self-financing program that in 2019 covered approximately 178 million workers and provided monthly cash benefits to over 64 million beneficiaries. It is the federal governments largest program, in terms of both the number of people affected (i.e.,
4、 covered workers and beneficiaries) and its finances. Social Security is composed of Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI), referred to collectively as OASDI. The OASDI program is primarily financed (89.0% of total revenues in 2019) through a payroll tax applied to Soc
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