Social Security's Financial Outlook: the 2010 Update in Perspective

Alicia Munnell

Issues in Brief from Center for Retirement Research

Abstract: The 2010 Trustees Report had no surprises - Social Security still faces a modest deficit of 2% of payroll, which is newsworthy given the economic crisis. The recession has had some shorter-term effects: 1) prices are still below their 2008 levels, so beneficiaries are not expected to receive a COLA for the second straight year. 2) average wages have dropped, so the maximum contribution base and the exempt amount for the earnings test will stay at current levels. For the third straight year, the Report was not signed by any public trustees; the absence of these independent voices reflects a failure of the political process.

Pages: 7 pages
Date: 2010-07, Revised 2010-07
New Economics Papers: this item is included in nep-age, nep-hea and nep-lab
References: Add references at CitEc
Citations:

Published on the Center for Retirement Research at Boston College website

Downloads: (external link)
http://crr.bc.edu/briefs/social-securitys-financia ... date-in-perspective/ R
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://crr.bc.edu/briefs/social-securitys-financial-outlook-the-2010-update-in-perspective/ [301 Moved Permanently]--> https://crr.bc.edu/briefs/social-securitys-financial-outlook-the-2010-update-in-perspective/)

Related works:
Working Paper: Social SecurityÕs Financial Outlook: The 2020 Update in Perspective (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:crr:issbrf:ib2010-15

Access Statistics for this paper

More papers in Issues in Brief from Center for Retirement Research Contact information at EDIRC.
Bibliographic data for series maintained by Amy Grzybowski () and Christopher F Baum ().