Social Security’s Financial Outlook: The 2012 Update in Perspective
The brief’s key findings are:
- Social Security’s 75-year deficit is significantly higher than last year’s projection: 2.67 percent of payroll versus 2.22 percent of payroll.
- This increase reflects the slow recovery from the recession and rising disability rolls, among other factors.
- The bottom line remains the same: Social Security faces a real, but manageable, shortfall and stabilizing the system’s finances should be a high priority.