Social Security's financial outlook

Munnell, Alicia Haydock. “Social Security's financial outlook”. Issue in Brief 18-11, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2018. http://hdl.handle.net/2345/bc-ir:108126.
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Abstract

The brief's key findings are: (1) The 2018 Trustees Report shows virtually no change: (a) Social Security's 75-year deficit ticked up from 2.83 percent to 2.84 percent of payroll. (b) Trust fund exhaustion is still 2034, after which payroll taxes still cover about three quarters of promised benefits. (2) This shortfall is manageable, but action should be taken soon to equitably share the burden among cohorts, restore public confidence, and give people time to adjust. (3) One concern is whether the declining fertility rate is a lingering effect of the Great Recession or a permanent shift that could worsen Social Security's finances.

Title
Social Security's financial outlook: The 2018 update in perspective
Author
Munnell, Alicia Haydock
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
June 2018
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
18-11
Persistent Link
http://hdl.handle.net/2345/bc-ir:108126
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
Financing Retirement

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