Testimony on Comparing CBO’s Long-Term Projections With Those of the Social Security Trustees

Report

Both CBO and the Social Security Trustees project a shortfall in Social Security finances but they differ in their assessment of its magnitude. This testimony describes that difference and the major factors that contribute to it.

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Data and Supplemental Information

Corrections and Updates

CBO reposted the supplemental data file on October 12, 2016, to add the information on Tab 15, "Average Interest Rates," and Tab 16, "Mortality Improvements by Age Group."