POLICY SNAP-SHOT: Actuaries’ Report Says Social Security Crisis Looming
Posted by Deputy Policy Director in Filed under 7-Day Forecast, Issue Snap-Shot Series, National, National Forecast, Policy Issues on August 23, 2010
Issue Highlights Section 1 The annual report by the Social Security Trustees/Actuaries predicted massive and permanent deficits if Congress fails to reform this dilapidated and outmoded entitlement program. In 1950, there were fifty workers for every one recipient of Social Security, whereas, today, there are three workers for every one beneficiary. By 2040, the Social [...]
