Can faster growth save Social Security?

Penner, Rudolph G. “Can faster growth save Social Security?”. Issue in Brief 15, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, December 2003. http://hdl.handle.net/2345/bc-ir:104518.
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Abstract

Numerous commissions, individual researchers, and the Trustees of the Social Security system agree that the current Social Security system is not sustainable. The 2003 Trustees' report forecasts that the program's two trust funds (Old Age and Survivors Insurance and Disability Insurance) will be empty in 2042. After 2042, Social Security taxes would only cover about 70 percent of projected benefit costs. Even before the trust funds are exhausted, the combination of rapidly growing Social Security, Medicare, and Medicaid spending is likely to create intolerable budget pressures that will force major changes in policy...

Title
Can faster growth save Social Security?
Author
Penner, Rudolph G.
Center
Center for Retirement Research
Genre
report
Date Issued
December 2003
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
15
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104518
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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