Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Social Security Board of Trustees: Economic Downturn Leads to Worsening of Long-Range Financing Outlook

News release: “The Social Security Board of Trustees today released its annual report on the financial health of the Social Security Trust Funds. The Trustees project that program costs will exceed tax revenues in 2016, one year sooner than projected in last year’s report. The combined assets of the Old-Age and Survivors, and Disability Insurance (OASDI) Trust Funds will be exhausted in 2037, four years sooner than projected last year. The worsening of the long-range outlook for the Social Security program is due primarily to the recent economic downturn and faster reductions in mortality than previously assumed.”

  • The 2009 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds
  • Statement by Secretary Geithner on the Releases of Social Security and Medicare Trustees Reports
  • Sorry, comments are closed for this post.