IB#46  

Introduction

The Social Security Trustees have just issued their 2006 Report on the financial outlook for the system. The Report uses three sets of cost assumptions — high, low, and intermediate. This brief focuses on the intermediate assumptions and puts this year's numbers in perspective...

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Alicia H. Munnell is the director of the Center for Retirement Research at Boston College and the Peter F. Drucker Professor in Management Sciences at Boston College's Carroll School of Management. Francesca Golub-Sass and Luke Delorme provided excellent research assistance.