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Social Security’s Financial Outlook: The 2011 Update in Perspective

June 15, 2011
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  • 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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Headshot of Alicia H. Munnell
Alicia H. Munnell
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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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Topics
Social Security
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Issue Brief
Publication Number
IB#11-9
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