Beware of qualified good news.
Which is to say, beware of complacency.
The economy has been good during the past year. That may come as a shock to many who have watched the price of eggs, among other things, shoot higher than the Wasatch Range. But just about every indicator other than that has been good. Even the Conference Board, a business research group, decided in February to stop warning about an imminent recession. The nation’s unemployment rate in April was 3.9%. Tax receipts are up.
And so, the Social Security trustees have moved the entitlement program’s day of reckoning back from 2034 to 2035.