AARP Report: Social Security Solvency and GDP
A recent report from the AARP Public Policy Institute highlights new findings regarding the financial outlook of the Social Security program. According to the report, Social Security could potentially pay full benefits until 2059 if taxable payroll had kept pace with the gross domestic product (GDP).
Extension of Full Benefits
By keeping pace with GDP growth, taxable payroll tracking could extend full benefit payments by 25 years beyond the program’s currently projected 2034 depletion date. However, data from the report shows that taxable payroll actually fell from 41% of GDP in 1983 down to 34% in 2025.
