Project Management

Social Security's Financial Outlook: The 2010 Update In Perspective

Date Added: Sep 2010
Format: PDF

After being held up for four months while estimates were modified to reflect the expected effects of the Affordable Care Act (ACA), the 2010 Trustees Report for the Social Security system finally emerged in early August. The report contains no surprises, which may explain the relative lack of attention it has received in the press. But the fact that the future of Social Security has been relatively untouched by the market collapse and ensuing recession is itself newsworthy. Despite reduced revenues and increased benefit claims in the short run, the system continues to face a 75-year deficit equal to about 2 percent of taxable payroll