Social Security's financial outlook

Munnell, Alicia Haydock. “Social Security's financial outlook”. Issue in Brief 22-9, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2022. http://hdl.handle.net/2345/bc-ir:109528.
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Abstract

The brief's key findings are: (1) The 2022 Trustees Report has no real news about Social Security's overall future. (i) The 75-year deficit inched from 3.54 to 3.42 percent of taxable payrolls, and (ii) the trust fund depletion date moved back one year -- from 2034 to 2035. (2) Interestingly, a lower assumed disability incidence rate allows the DI trust fund to pay full benefits for the next 75 years. (3) And, given today's inflation, it's worth stressing that Social Security COLAs protect retirees against rising prices.

Title
Social Security's financial outlook: The 2022 update in perspective
Author
Munnell, Alicia Haydock
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
June 2022
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
22-9
Persistent Link
http://hdl.handle.net/2345/bc-ir:109528
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Social Security

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