,What the 2008 Trustees’ Report Shows about Social Security

What the 2008 Trustees’ Report Shows about Social Security


 

Publication Date: March 2008

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Chad Stone; Robert Greenstein

Research Area: Banking and finance; Social conditions

Keywords: Economic projections; Fiscal future; Retirement; Senior citizen

Type: Report

Abstract:

The report projects that Social Security’s trust fund reserves will be exhausted in 2041, the same as projected last year.  In 2041, Social Security will be able to pay 78 percent of scheduled benefits, rather than full benefits.