The Outlook for Social Security

The Outlook for Social Security
Title:
The Outlook for Social Security
Format:
Paperback
USA Price: 
$7.00
$3.50
Display Foreign Price
Stock:
In stock
GPO Stock Number:
052-070-07428-1
ISBN:
9780160722943
Description

A CBO Study. By Noah Meyerson, et al. Edited by Christian Spoor. June 2004. Presents 100-year projections for Social Security under current law. Focuses on the resource demands of the Social Security system, the program's finances, and projections of the benefits received by individuals in different age and income groups.

Published in June 2004, this updated study presents more-detailed 100-year projections for Social Security under current law, as a prelude to evaluating any legislation affecting that program. The report focuses on the resource demands of the Social Security system, the program’s finances, and projections of the benefits received by individuals in different age and income groups. In keeping with CBO’s mandate to provide objective analysis, the study makes no recommendations. (Backgroundon Social Security, including information about the program’s structure and financing, underlying demographic trends, and strategies that have been proposed to prepare for the aging of the U.S. population, can be found in an earlier CBO publication, Social Security: A Primer, published in September 2001)

The uncertainty about Social Security that individuals and policymakers face is an important economic and policy consideration. To display the uncertainty inherent in long-term projections, CBO calculates not only basic projections for Social Security but also ranges of possible outcomes. To do that, CBO uses standard statistical techniques to analyze patterns of past variation in most of the demographic and economic factors that underlie the analysis, such as fertility and mortality rates, interest rates, and the rate of earnings growth. It then uses its model to run hundreds of projections, each time with random variations in the assumed values for those factors that are equivalent to the variation observed historically.

 

Table of Contents

Table of Contents:
Summary vii
1 Projections of Social Security’s Finances 1
The Social Security Program at Present 1
Current-Law Projections of Social Security 2
2 Projections of Benefit Levels for
Different Age and Income Groups 11
First-Year Retirement Benefits 11
First-Year Replacement Rates 12
Lifetime Retirement Benefits 13
Total Lifetime Payroll Taxes and OASDI Benefits 15
Conclusions 18
3 Assumptions and Methods Used in This Analysis 21
CBO’s Approach to Making Social Security
Projections 21
The Uncertainty of Long-Term Social Security
Projections 26
A Differences from the Trustees’ 2004 Report 29
B Individual Benefit Measures
for Male and Female Beneficiaries 33

Audience

Appropriate for academic and public libraries, experts, statisticians, policymakers, international organizations, social service organizations, eldercare organizations and the general public. 

Product Details

Availability Details:
In Stock
USA Price:
$3.50
International Price:
$4.90
Publisher:
Congress, Congressional Budget Office
Author:
  • Meyerson, Noah
Notes:
NB1309
Key Phrases:
  • CBO Study
  • Social Security
  • Outlook for Social Security
Weight:
0.5
Quantity Price:
Discount
Cover:
Paper
Subject Bibliography:
165
Unit of Issue (US):
1
Unit of Issue (Non-US):
1
Record Creation Date:
06/18/2004
Last Status Update:
11/27/2018
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