A Look at Our Future: When Baby Boomers Retire

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Table of contents

• The Evolving Role of Public Service Auditors
• GAO's High-Risk List 2005
• Composition of Federal Spending
• Federal Spending for Mandatory and Discretionary Programs
• Fiscal Year 2004 Deficit Numbers
• Surplus or Deficit as a Share of GDP Fiscal Years 1962-2004
• Selected Fiscal Exposures: Sources and Examples 2005a
• Another Way to Think About These Numbers
• Composition of Spending as a Share of GDP Under Baseline Extended
• Composition of Spending as a Share of GDP Assuming Discretionary Spending Grows with GDP after 2005 and All Expiring Tax Provisions are Extended
• Current Fiscal Policy Is Unsustainable
• The Way Forward
• Social Security and Medicare's Hospital Insurance Trust Funds Face Cash Deficits
• Social Security, Medicare, and Medicaid Spending as a Percent of GDP
• U.S. Elderly Dependency Ratio Expected to Continue to Increase
• U.S. Labor Force Growth Will Continue to Decline
• Key Dates Highlight Long Term Challenges of the Social Security System
• Different Measures, Same Challenge
• Social Security Reform Elements
• Key Elements for Economic Security in Retirement
• Social Security: The Bottom Line Illustrative Questions and Answers Based on the Latest Trustees' Reports
• Questions and Answers (cont'd)
• Questions and Answers (cont'd)
• Questions and Answers (cont'd)
• Questions and Answers (cont'd)
• Challenges Facing the Defined Benefit Pension System
• Defined Benefit Plan Weaknesses Have Serious Implications for National Retirement Policy
• Broad Goals for Reform of the DB System
• Potential Steps to Strengthen the DB System
• Quality and Availability of Affordable Health Care Has Broad Implications for Retirees
• Health Care System Elements: Incentives, Transparency, and Accountability
• Close