Social Security’s Financial Outlook: The 2011 Update in Perspective
June 15, 2011
- Highlights of the 2011 Trustees Report:
- Social Security’s deficit is still about 2 percent of payroll.
- Deficit as a percent of GDP is less than 1 percent.
- Trust fund exhaustion moved up one year to 2036.
- Items of note:
- COLA is expected to be back after a two-year hiatus.
- Disability Insurance Trust Fund exhausts its assets in 2018.
- Future of the employee payroll tax cut is uncertain.
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Citation
Munnell, Alicia H.. 2011. "Social Security's Financial Outlook: The 2011 Update in Perspective" Issue in Brief 11-9. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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