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Social Security Reform: Demographic Trends Underlie Long-Term Financing Shortage

T-HEHS-98-43 Published: Nov 20, 1997. Publicly Released: Nov 20, 1997.
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Highlights

GAO discussed: (1) the demographic trends contributing to the social security financing problem; (2) when the problem will begin to confront the federal government; (3) the alternatives for addressing the problem; and (4) the implications of these alternatives.

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Topics

Budget and Spending
Baby boomersBudget deficitEconomic analysisElderly personsFederal social security programsFuture budget projectionsMedicaidPopulation statisticsPrivatizationRetirement benefitsRetirement incomeSocial security benefitsMedicare