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Diane Publishing Books
Social Security Reform: Analysis of a Trust Fund Exhaustion Scenario
David M. Walker (ed). Social Security is an important social insur. program affecting virtually every American family. It is the foundation of the nation’s retirement income system & also provides millions of Americans with disability insur. & survivors’ benefits. Over the long term, as the baby boom generation retires, Social Security’s financing shortfall presents a major solvency & sustainability challenge. This report uses an analytic framework to evaluate an illustrative “Trust Fund Exhaustion” scenario under which benefits are reduced proportionately for all beneficiaries by the shortfall in revenues occurring upon exhaustion of the combined Old-Age & Survivors Insur. & Disability Insur. Trust Funds. This scenario is an analytic tool only, not a legal determination.
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