Covers the 75-year period of Social Security (SS) spanning 2009 to 2083. Contents: (1) Finances of the SS Program: Projected Outlays and Revenues Over the Next 75 Years; Uncertainty of Projections of SSAis Finances; Outlays and Revenues; Trust Fund Ratio; (2) Dist. of SS Taxes and Benefits: First-Year Benefits; First-Year Replacement Rates; Lifetime Benefits; Lifetime Payroll Taxes and Lifetime Benefits for Workers, Dependents, and Survivors; (3) Demographic and Econ. Assumptions: Interest, Inflation, and Unemploy. for 2020 and Later; Assumptions Underlying Projections of GDP and Earnings. Append.: Changes in Long-Term SS Projections Since 8/08; Differences Between Long-Term SS Projections and Those of the SS Trustees. Illus.CBO estimates that each birth cohort will receive greater average lifetime benefits than the preceding cohort, even under the ... the retirement benefits they receive after reaching the normal retirement ageais much greater than the present value of lifetime ... A more comprehensive perspective comes from considering the present value of the total amount of Social Security ... earnings are calculated not over 35 years but over the same number of years that is used in calculating benefits.
|Title||:||Long-Term Projections for Social Security|
|Publisher||:||DIANE Publishing - 2010-01|