Social Security : What Would Happen If the Trust Funds Ran Out?

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Economic policy.

Social security.

Taxation.

Trusts and trustees.

Physical Description:

1 online resource (1 online resource (16 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

This report is one in a series of updates. For the most recent coverage of this report series, please see 08-RL-33514b in the 2008 issue.

Explains what social security trust funds are and how they work. Describes historical operations of the trust funds and social security trustees' projections of future operations. Explains what could happen if Congress allowed the trust funds to run out, and analyzes two scenarios that assume Congress waits until the moment of insolvency to act, showing the magnitude of benefit cuts or tax increases needed and how such changes would affect beneficiaries.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed May 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Social Security

Access Restriction:

Restricted for use by site license.