Long-term Outlook for Social Security PDF Download
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Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 1437921787
Category : Political Science
Languages : en
Pages : 44
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Book Description
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 SS¿s 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.
Author: Noah Meyerson
Publisher: Congressional Budget Office
ISBN:
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
NOTE: NO FURTHER DISCOUNT FOR THIS PRINT PRODUCT--OVERSTOCK SALE -- Significantly reduced list price while supplies last 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. Related products: Federal Benefits & Entitlement Programs is available here: https: //bookstore.gpo.gov/catalog/health-benefits/federal-benefits-entitlement-programs
Author:
Publisher: DIANE Publishing
ISBN: 143792235X
Category : Political Science
Languages : en
Pages : 44
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Book Description
Updates the Cong. Budget Office¿s (CBO) previously published long-term projections of the Social Security (SS) program¿s finances, which cover the 75-year period spanning 2009-2083. Contents: (1) Finances of the SS Program: Projected Outlays and Revenues over the Next 75 Years; Uncertainty of Projections of SS¿s Finances; Outlays and Revenues; Trust Fund Ratio; (2) The Dist¿n. of SS Taxes and Benefits: 1st-Yr. Benefits; 1st-Yr. Replacement Rates; Lifetime Benefits; Lifetime Payroll Taxes and Lifetime Benefits for Workers, Dependents, and Survivors; (3) Demographic and Econ. Assumptions Used in CBO¿s Analysis: Assumptions about Interest, Inflation, and Unemploy. for 2020 and Later; Assumptions Underlying Projections of GDP and Earn.
Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 128
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Book Description
Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 112
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Book Description
In the past few years, the federal government has been recording the largest budget deficits since 1945, both in dollar terms and as a share of the economy. Consequently, the amount of federal debt held by the public has surged. At the end of 2008, that debt equaled 40 percent of the nation's annual economic output (gross domestic product, or GDP)--a little above the 40-year average of 38 percent. Since then, the figure has shot upward: By the end of this year, the Congressional Budget Office (CBO) projects, federal debt will exceed 70 percent of GDP--the highest percentage since shortly after World War II. The sharp rise in debt stems partly from lower tax revenues and higher federal spending caused by the severe economic downturn and from policies enacted during the past few years. However, the growing debt also reflects an imbalance between spending and revenues that predated the recession. Whether that debt will continue to grow in coming decades will be affected not only by long-term demographic and economic trends but also by policymakers' decisions about taxes and spending. The aging of the baby-boom generation portends a significant and sustained increase in the share of the population receiving benefits from Social Security and Medicare, as well as long-term care services financed by Medicaid. Moreover, per capita spending for health care is likely to continue rising faster than spending per person on other goods and services for many years (although the magnitude of that gap is uncertain). Without significant changes in government policy, those factors will boost federal outlays relative to GDP well above their average of the past several decades--a conclusion that holds under any plausible assumptions about future trends in demographics, economic conditions, and health care costs. According to CBO's projections, if current laws remained in place, spending on the major federal health care programs alone would grow from more than 5 percent of GDP today to almost 10 percent in 2037 and would continue to increase thereafter.1 Spending on Social Security is projected to rise much less sharply, from 5 percent of GDP today to more than 6 percent in 2030 and subsequent decades. Altogether, the aging of the population and the rising cost of health care would cause spending on the major health care programs and Social Security to grow from more than 10 percent of GDP today to almost 16 percent of GDP 25 years from now. That combined increase of more than 5 percentage points for such spending as a share of the economy is the federal government's programs and activities equivalent to about $850 billion today. (By comparison, spending on all of, excluding net outlays for interest, has averaged about 18.5 percent of GDP over the past 40 years.) If lawmakers continued certain policies that have been in place for a number of years or modified some provisions of current law that might be difficult to sustain for a long period, the increase in spending on health care programs and Social Security would be even larger. Absent substantial increases in federal revenues, such growth in outlays would result in greater debt burdens than the United States has ever experienced.
Author: Joyce Manchester
Publisher: DIANE Publishing
ISBN: 143798813X
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
Presents projections of federal spending and revenues over the coming decades. Under current law, an aging population and rapidly rising health care costs will sharply increase federal spending for health care programs and Social Security. If revenues remained at their historical average share of gross domestic product (GDP), such spending growth would cause federal debt to grow to unsustainable levels. If policymakers are to put the federal government on a sustainable budgetary path, they will need to increase revenues substantially as a percentage of GDP, decrease spending significantly from projected levels, or adopt some combination of those two approaches. Charts and tables. This is a print on demand report.
Author: United States. Congress. House. Committee on the Budget
Publisher: Government Printing Office
ISBN:
Category : Budget
Languages : en
Pages : 110
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Book Description
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Deficits, Debt Management, and International Debt
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
Author: United States. Congressional Budget Office
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 128
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Book Description
