Social Security Reform
Description:
Although the Social Security system is now running surpluses of income over outgo, its board of trustees projects that its trust funds would be depleted in 2038 and only 73% of its benefits would be payable then with incoming receipts. The trustees project that on average the system's cost would be 14% higher than its income over the next 75 years; by 2075 it would be 45% higher. The primary reason is demographic: the post-World War II baby boomers will begin retiring in less than a decade and …
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Date:
March 20, 2001
Creator:
Koitz, David Stuart & Kollmann, Geoffrey
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department