Pay of Top Earners Erodes Social Security: Fund Expected to Be Exhausted in 2037

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Published in The Wall Street Journal July 21, 2009 by Ellen E. Schultz

The nation’s wealth gap is widening amid an uproar about lofty pay packages in the financial world.

Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data — without counting billions of dollars more in pay that remains off federal radar screens that measure wages and salaries.

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