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 …

One mechanism available to help raise the low US saving rate is the Social Security trust
funds. Under current law, old-age, survivors and disability insurance (OASDI) receipts are …

There is a widespread belief that the Social Security Trust Fund is going bank-rupt. Thus,
while Old-Age and Survivors Insurance and Disability Insurance (OASDI) is currently …

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 …

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 …

The 1983 changes in the United States Social Security program transformed a basically pay-
as-you-go system into one that is building up a substantial trust fund as well as paying public …

Recent reports predict that, barring any changes, the Social Security program will become
insolvent--no longer able to pay promised benefits in full--around the year 2030, well within …

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 …

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 …

The US net national saving rate reached a postwar peak of 12.3 percent in 1965 and has
since trended downward to 1.2 percent in 2007. Consequently, many analysts claim that …