Social Security's Financial Outlook: the 2012 Update in Perspective

Alicia Munnell

Issues in Brief from Center for Retirement Research

Abstract: The 2012 Trustees Report shows a significant increase in the program's 75 year deficit from 2.22 percent to 2.67 percent of taxable payroll and an advance in the date of trust fund exhaustion from 2036 to 2033. These changes reflect the slow recovery from the recession and rising disability rolls, among other factors. While the deficit is larger and the date of exhaustion nearer, the story remains the same. The program faces a manageable financing shortfall over the next 75 years, which should be addressed soon to restore confidence in the nation's major retirement program and to give people time to adjust to needed changes.

Pages: 7 pages
Date: 2012-04, Revised 2012-04
New Economics Papers: this item is included in nep-age, nep-lab and nep-pub
References: Add references at CitEc
Citations:

Downloads: (external link)
http://crr.bc.edu/briefs/social-security%E2%80%99s ... 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-security%E2%80%99s-financial-outlook-the-2012-update-in-perspective/ [301 Moved Permanently]--> https://crr.bc.edu/briefs/social-security%E2%80%99s-financial-outlook-the-2012-update-in-perspective/)

Related works:
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:ib2012-9

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 ().