In this brief, we compare the impact on Social Security finances of two ways of indexing
retirement ages, using data generated by the Social Security actuaries (box 1). Measuring at …

Social Security faces a long-term financing problem. The program now spends more than it
collects each year, and Social Security's trustees project the program will be unable to pay …

Decisions made early in Social Security's history resulted in benefits in excess of
contributions for early cohorts. This approach gave away the Trust Fund and the resulting …

Abstract The Social Security trust fund is predicted to be depleted by 2041. While there are
several viable reform proposals to restore long-term solvency of the Social Security system …

According to the Social Security Trustees (2003), the US Social Security system faces a
$10.5 trillion present-value imbalance. That amount is equal to Social Security's present …

As policymakers consider restoring financial balance to Social Security, understanding the
reason for the shortfall is important. If the cost of currently scheduled benefits simply exceeds …

In this paper, we compute distributions of rates of return by cohort for the Social Security
retirement system, using a combination of historical data and stochastic forecasts of …

The old-age, survivors, and disability insurance program is projected to run unprecedented
annual surpluses for the next 30 years, accumulating assets equal to nearly 30% of GNP by …

Social Security traditionally has operated on a pay-asyou-go basis—that is, current taxes
pay for current benefits. The 1977 and 1983 Amendments to the Social Security Act provided …

Abstract Social Security's Trust Fund is projected to be exhausted in 2034. A variety of
changes to the program have been put forward that would either push this date out into the …