The Cold, Hard Financial Facts of Social Security

Posted by & filed under CGR Staff.

Geoffrey RosenbergerGuest Commentary from Geoff Rosenberger, CGR Trustee

The Social Security Trustees recently released their 2014 Annual Report. The Wall Street Journal carried a story about the report, but didn’t provide much detail (see The Hard Numbers on Social Security -also see How Should the Government Change Social Security? )

The long term projections are of course tenuous and highly susceptible to even subtle changes in assumptions around wage rates, demographics, immigration, GDP growth, inflation and a myriad of other factors. But there is still enough meat here to provoke a lot of thought. Note especially the charts and graphs at the end of this post!
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