Columbus Acquisition Corp Ordinary SharesCOLA
Mentioned
Impact on stocks 1
Financials
Columbus Acquisition Corp Ordinary SharesColumbus Acquisition Corp Ordinary SharesSocial Security ran a $160 billion deficit in 2025, with total income of $1,449 billion against $1,609 billion in costs, and trustees project the shortfall will keep widening every year through their 75-year window. The OASI Trust Fund is projected to deplete in the fourth quarter of 2032, at which point continuing payroll tax income would cover only about 78% of scheduled benefits, meaning a retiree currently receiving $2,000 a month would see roughly $440 less. The combined OASDI trust funds are projected to deplete in 2034, covering about 83% of benefits. Closing the gap through taxes alone would require raising the payroll tax rate from 12.4% to roughly 15.9%, yet a recent survey found 77% of voters oppose even a $1,300 annual payroll tax increase. The cumulative unfunded obligation through 2100 is projected at $29.3 trillion.