What the 2007 Trustees' Report Shows about Social Security
Publication Date: April 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Robert Greenstein; Chad Stone
Research Area: Banking and finance
Keywords: Senior citizen; Economic projections; Retirement
Type: Report
Abstract:
This CBPP analysis highlights several points about the trustees’ report: The trustees’ report reaffirms that Social Security does not face a near-term crisis and can continue to pay full benefits for more than three decades but will eventually face a significant imbalance. The trustees’ report finds a slight improvement from last year’s projections in Social Security’s financial status, largely as a result of updates in program data and minor changes in methods and assumptions.
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