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Books > Social sciences > Sociology, social studies > Social groups & communities > Age groups > Adults > Elderly
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Policy Options & Long-Term Projections for Social Security (Hardcover)
Loot Price: R4,092
Discovery Miles 40 920
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Policy Options & Long-Term Projections for Social Security (Hardcover)
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Social Security (comprising Old-Age and Survivors Insurance (OASI)
and Disability Insurance (DI)) is the largest single program in the
federal governments budget. In 2010, annual outlays for the program
exceeded annual revenues (excluding interest) credited to the
combined trust funds. A gap between those amounts has persisted
since then, and in fiscal year 2015 outlays exceeded tax revenues
by almost 9 percent. As the baby-boom generation retires over the
next 10 years, the Congressional Budget Office (CBO) projects, the
gap will widen between amounts credited to the trust funds and
payments to beneficiaries. This book considers 36 policy options
that are among those commonly proposed by policymakers and analysts
as a means of restoring financial security to the Social Security
program. Furthermore, this book presents additional information
about CBOs long-term projections for Social Security in the form of
15 exhibits that illustrate the programs finances and the
distribution of benefits paid to and payroll taxes collected from
various groups of people.
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