Social Security's financial outlook

Munnell, Alicia Haydock. “Social Security's financial outlook”. Issue in Brief 7-6, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, April 2007. http://hdl.handle.net/2345/bc-ir:104345.
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Abstract

The Trustees of the Social Security system have just issued the 2007 report. The report includes projections for the system over the next 75 years, prepared by the Social Security's Office of the Actuary. The bottom line is that the long-run outlook has remained virtually unchanged for the last thirteen years - the system has a 75-year deficit equal to about 2 percent of taxable payrolls and the trust fund faces exhaustion in the early 2040s, after which the system will be able to pay only about 70 percent of promised benefits. The clear message of the persistent deficits is that the financing shortfall should be eliminated so that people can be assured they receive the income they need in retirement.

Title
Social Security's financial outlook: The 2007 report in perspective
Author
Munnell, Alicia Haydock
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
April 2007
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
7-6
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104345
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Social Security

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