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Social Security and Medicare Projections: 2009

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Publication Date: June 2009

Publisher(s): National Center for Policy Analysis (U.S.)

Author(s): Pamela Villarreal

Funder(s): National Center for Policy Analysis (U.S.)

Funder(s): National Center for Policy Analysis (U.S.)

Topic: Banking and finance (Public finance)
Health (Health care financing)
Population and demographics (Older people)

Keywords: trustees report; pay as you go; social security; medicare

Type: Brief

Coverage: United States

Abstract:

The 2009 Social Security and Medicare Trustees Reports show the combined unfunded liability of these two programs has reached nearly $107 trillion in today's dollars! That is about seven times the size of the U.S. economy and 10 times the size of the outstanding national debt.