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Every year the Social Security and Medicare Boards of Trustees issue reports on the fiscal health of these vital programs.
https://www.pgpf.org/analysis/social-security-medicare-trustees-reports
The report anticipates that in 2020 — for the first time since 1982 — the program’s total costs will exceed its total income.
The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
By 2050, the US will be very different than it is today. Adults aged 65 and over will outnumber children under the age of 18, and our population will be much more racially and ethnically diverse, the young much more so than the old. With those changing demographics as a backdrop, the US 2050 project examines the socioeconomic developments and fiscal choices we make today that will determine standards of living decades from now.
What will America look like at mid-century? US 2050 will examine and analyze the multiple demographic, socioeconomic, and fiscal trends that will shape the nation in the decades ahead.
Unique Research Project from Peterson Foundation and Ford Foundation Convenes Authors of 31 New Papers Exploring America’s Most Significant Long-Term Challenges
By 2050, the US will be very different than it is today. Adults aged 65 and over will outnumber children under the age of 18, and our population will be much more racially and ethnically diverse, the young much more so than the old. With those changing demographics as a backdrop, the US 2050 project examines the socioeconomic developments and fiscal choices we make today that will determine standards of living decades from now.
The report projects that in 2018 — for the first time since 1982 — the program’s total costs will exceed its total income.
What will America look like at mid-century? US 2050 will examine and analyze the multiple demographic, socioeconomic, and fiscal trends that will shape the nation in the decades ahead.
As the large baby boom generation enters retirement and Americans continue to enjoy longer lifespans, more and more individuals will collect benefits from the system and for longer periods, while relatively fewer workers will contribute taxes to support it.
https://www.pgpf.org/analysis/2017/07/trustees-warn-social-security-in-financial-trouble